EURUSD - Market price consolidating
EURUSD is consolidating in our very important support zone .
Also, the market level is exactly at 0.50 of the Fibonacci retracement scale.
A retest of 0.618 is clearly possible before bouncing north and reach our 1st target zone at around 1.152 and then the 2nd target zone at 1.17
Nevertheless, a second scenario is still possible. If we break our support zone , we could expect a deeper retracement at least to 1.12
Also, the market level is exactly at 0.50 of the Fibonacci retracement scale.
A retest of 0.618 is clearly possible before bouncing north and reach our 1st target zone at around 1.152 and then the 2nd target zone at 1.17
Nevertheless, a second scenario is still possible. If we break our support zone , we could expect a deeper retracement at least to 1.12
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.