EURUSD - Short if cross fibo 38,2
Resistance at 0.98857 looked at 1hour tf, and a second resistance at 0.98436. We can see we already had two retracements and can be the next consolidation area.
However when we use de fibonacci we can look at 38,2% and see a future support there if not crossed, moretheless if cross it, EURUSD will short. The pair already have a strong short position since we have the MACD crossing the 0, and the canes shadows is touching and following the lower BB line. Together we can analyze the moving average, moving away from the middle line from BB.
This is not in the screenshot, but if you use RSI and the Stoch in 30m or 1H you'll see the indicators line is going down. RSI is very close from the 50.0
However when we use de fibonacci we can look at 38,2% and see a future support there if not crossed, moretheless if cross it, EURUSD will short. The pair already have a strong short position since we have the MACD crossing the 0, and the canes shadows is touching and following the lower BB line. Together we can analyze the moving average, moving away from the middle line from BB.
This is not in the screenshot, but if you use RSI and the Stoch in 30m or 1H you'll see the indicators line is going down. RSI is very close from the 50.0
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