ECB and Draghi gave the EU quite a drop last week. Now we look for the pullback zones to short soon. Three zones are indicated by fib confluences.
1.125 round is the first zone and psych number. 1.126 should be strong resistance from 4h fibs. 1.128 should be bears' last stand and idea short.
Chart notes: Drag the PRICE scale UP to reduce overlapping numbers. Drag the TIME scale RIGHT to see more history and Fibs.
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Up against first possible resistance and closeup we see it has been noticced for sure While I think it will break above, it is good to see confirmation of the fibs
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All zones identified have been EXACTLY relevant in placement and boundary, like this close up Sorry for lack of updates, been busy scalping this and the Pound with all the Brexit news. Short scalps on EU have been working, but still looking for the ''the'' entry that survives until this turns.