EURUSD - Still bearish. Bulls coming?
The bears made new lows overall. Nice harmonics are in play, see lines. Price came into an area of support with an extended 1 to 1 harmonic completion touching the 113% Fib Extension on Nov12 at ~1.12166.
Right now the correction is happening with the bulls struggling to trade over the 38.20% Fib Correction at ~1.14456.
I am expecting the bulls to overcome this area and to trade higher into resistance levels around 50%-61.8% Fib. See structure to the left where the sellers came in earlier.
Overall I am expecting price to create new lows, as this is the expectation.
Will update this.
*DISCLAIMER: Forex, Futures , stocks and options trading involves substantial risk of loss and is not suitable for every investor.
None of the content published on this account constitutes a recommendation for investing your money. Trading is at your own risk.
Right now the correction is happening with the bulls struggling to trade over the 38.20% Fib Correction at ~1.14456.
I am expecting the bulls to overcome this area and to trade higher into resistance levels around 50%-61.8% Fib. See structure to the left where the sellers came in earlier.
Overall I am expecting price to create new lows, as this is the expectation.
Will update this.
*DISCLAIMER: Forex, Futures , stocks and options trading involves substantial risk of loss and is not suitable for every investor.
None of the content published on this account constitutes a recommendation for investing your money. Trading is at your own risk.
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.