EURUSD: May the bulls be ever in your favor
Hi traders,
On the EURUSD we had a nice impulsive move on starting on Wednesday, where we finally broke the downwards spiral. It looks like we have created a nice ABC pattern. We are very close to hitting the 161.8% Fibonacci extension of that move, which often causes a reversal. This area lines up with the 50% Fibonacci extension of the upwards move.
Target is still at the 1.07000.
Good luck traders!
On the EURUSD we had a nice impulsive move on starting on Wednesday, where we finally broke the downwards spiral. It looks like we have created a nice ABC pattern. We are very close to hitting the 161.8% Fibonacci extension of that move, which often causes a reversal. This area lines up with the 50% Fibonacci extension of the upwards move.
Target is still at the 1.07000.
Good luck traders!
Trade active
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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.
Related publications
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.