As depicted above, the single currency is moving modestly at our first measured downside extension at 102.00 levels. Please conider the fact that whenever a Fibonacci level has been reached, the prices have a tendency to bounce back. We recommend to book partial profits (around 102.10/15) before the Fibonacci target has been reached. We should take into account another sell entry around 104.00-104.50 levels in the comisng sessions.
Trade Recommendations:
Sell-deals are recommended around 104.00-104.50, Stop Loss at 105.50 with 102.00 and 100.50 seen as targets. Book partial profits near 102.10/15 levels.
