Forex-Eurousd

As indicated earlier in my blog, Euro has fought the bearish movement and refused to move below and away from the fib 23.6. It has now moved upwards and most likely to complete its movement to fib 100 or 1.229. Should it break through fib retracement back to 0%, it will be testing the 200 MA or 1.244. I will not want to short Euro unless it breaks the M formation and breaks its neckline which is around 1.216.