simple fib zone
during fed rate hike cycle due strong dollar eurusd was collapsing
since fed rate cut pricing begin after their last 75bps rate hike in 2022
eurusd has retrace 61% from top to bottom , price testing this area again
1.12746 will be a strong resistance level
if price don't breaks this area than double top possibility increase
this week will be first time we see real market reaction to fed jackson hole speech
last year priced failed from 61% fib level when it hit that area first time
since fed rate cut pricing begin after their last 75bps rate hike in 2022
eurusd has retrace 61% from top to bottom , price testing this area again
1.12746 will be a strong resistance level
if price don't breaks this area than double top possibility increase
this week will be first time we see real market reaction to fed jackson hole speech
last year priced failed from 61% fib level when it hit that area first time
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