EURUSD is going to tell us the direction in next few days
Updated
EURUSD is at the cliff. It's decision time!
EU is meeting few confluences on the way down. The first confluence is huge supportive trendline, which indicates, that EURUSD is still
in slight uptrend, but we can see looong consolidation aswell.
Second Confluence is Fib retracement zone, between 61.8 and 78.6, which is final kill zone for EU to be retraced.
If this zone is gonna get broken, with confluence of trendline break, we could see movement downside, otherwise, depends on PA
it's still in bullish movement despite it declined 1.15400 daily key level pretty perfectly.
- Downside target for EURUSD is 1.13000 daily key level, afterwards nominal low 1.12200.
- Upside target for EURUSD is 1.15400 daily key level and afterwards Fib target zone around -0.27 and minor resistance.
I'm gonna upload the idea as soon as it will move. Good luck and don't forget to trade carefuly.
EU is meeting few confluences on the way down. The first confluence is huge supportive trendline, which indicates, that EURUSD is still
in slight uptrend, but we can see looong consolidation aswell.
Second Confluence is Fib retracement zone, between 61.8 and 78.6, which is final kill zone for EU to be retraced.
If this zone is gonna get broken, with confluence of trendline break, we could see movement downside, otherwise, depends on PA
it's still in bullish movement despite it declined 1.15400 daily key level pretty perfectly.
- Downside target for EURUSD is 1.13000 daily key level, afterwards nominal low 1.12200.
- Upside target for EURUSD is 1.15400 daily key level and afterwards Fib target zone around -0.27 and minor resistance.
I'm gonna upload the idea as soon as it will move. Good luck and don't forget to trade carefuly.
Note
Intraday possibility H1i'm in
Trade active
Trade closed: target reached
Target hit perfectly 1.13000Now we could see some slight pullback up. I'm out of EU rn
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