Euro / U.S. DollarShort
EURUSD
After the uptrend channel breaks and reaches the demand area (purple rectangle), the price will probably fluctuate between this area and the uptrend channel.
Otherwise, by breaking the demand zone, the first and after the pullback will reach the second demand zone.
The first area of demand corresponds to 88% Fibonacci retracement and the second area corresponds to 1.23% of Fibonacci retracement
Otherwise, by breaking the demand zone, the first and after the pullback will reach the second demand zone.
The first area of demand corresponds to 88% Fibonacci retracement and the second area corresponds to 1.23% of Fibonacci retracement
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.