#EURUSD Short Idea (Fibonacci, Structure, 50sma, Harmonics)
1. Daily Chart showing price may get attracted to 50sma (it may ultimately be forming Gartley to retest 1.2000 level)
2. on 4H:
a. Price has already hit 61.8 level but has closed above 200sma. That shows that it has potential to higher than 61.8
b. The next level of 78.6 has high fibonacci confluence
3. This zone had high supply in past too
4. Target 1:1
News/Fundamentals:
1. German ZEW economic sentiment expected 10:00 am London Time
1. Daily Chart showing price may get attracted to 50sma (it may ultimately be forming Gartley to retest 1.2000 level)
2. on 4H:
a. Price has already hit 61.8 level but has closed above 200sma. That shows that it has potential to higher than 61.8
b. The next level of 78.6 has high fibonacci confluence
3. This zone had high supply in past too
4. Target 1:1
News/Fundamentals:
1. German ZEW economic sentiment expected 10:00 am London Time
