On Lower High territory. Best short opportunity.

٢٧ أغسطس ٢٠١٨

EURUSD has marginally exceeded the 1W Lower High limitation that we have designated but is nonetheless near the 1.1670 maximum (1D Lower High) of the 1D Channel Down (RSI = 53.612). With US GDP coming up this Wednesday, I expect this curve (blue) to contain the price within the tight Channel Down limitations and reject it towards 1.15116 at first. We remain short with TP = 1.12840 and 1.11765 in extension.