EUR/USD, watching 1.3785 - 38% fib agreement

Watching 1.38...just below it looks like a nice entry and we have the 38% fib level coming into play from april lows to june highs. I don't like how we just saw a nice 40 pont bounce off 1.383...but if I can score a lower 1.37 entry (1.379 or 85), it looks like it would be worth the trade.

Three weeks ago, I would take it with a half or full size trade and scale into the heavy support that we have just a little lower around 1.375...but here, I think I'll keep my stops tight and look to re-enter immediately if we blow 1.3785.

See chart below as to what I'm looking at on the daily...



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