Technical Analysis EUR/USD

The fx pair is in a downtrend on H1. After the news movement it seems the market grown out itself and the downtrend moved to a higher level. This strong movement for Friday is more than enough. So there isn’t really much left for today. But from longer distance there can be much more or other… To trade at the end Short position can be taken with the TP shown on M15. This will be reached in 2 or 3 small swing. And after a correction up to R2 can come easily. If it is happens than take LONG position. But careful. The market can form a correction first and it will head down just after.

Opening a position: in every M5 pullback end to the given directions. Every time it is important to take care for the contexts.