The daily chart shows the EURUSD pair in an uptrend. So this trade is counter trend which can be risky.
Price is continuing to make low lows, and lower highs.
The daily fib extension is providing strong resistance.
Looking at recent EUR options volume, shows more PUT volume than CALLs. (June 14 contracts) signaling traders are anticipating a drop in price in the near term.
Set the stop above 1.38200.
Targets are at 1.37400 then 1.3700 area.
Price is continuing to make low lows, and lower highs.
The daily fib extension is providing strong resistance.
Looking at recent EUR options volume, shows more PUT volume than CALLs. (June 14 contracts) signaling traders are anticipating a drop in price in the near term.
Set the stop above 1.38200.
Targets are at 1.37400 then 1.3700 area.