I'm going short here because the weekly, daily and 4h are extremely bearish, fundamentals are against the EUR in the EURUSD pair (as I explained in my last post on fiber, see that below), and we just made a nice impulse leg. I expect price to retrace into this recent imbalance for at least 50% of the impulse leg, and I placed my entry at 62%. I will target the -100% extension, taking profits along the way and leaving a small runner for following this strong trend.
