EURUSD -
We got a nice impulsive wave up followed now buy a small pullback.
Price is currently at previous resistance which now becomes support.
We also have the 50% retracement level of wave 1 and the 61.8% retracement level of previous wave A which both act as support now.
A bounce from here wouldn't be surprising !
We got a nice impulsive wave up followed now buy a small pullback.
Price is currently at previous resistance which now becomes support.
We also have the 50% retracement level of wave 1 and the 61.8% retracement level of previous wave A which both act as support now.
A bounce from here wouldn't be surprising !
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It's getting quiet annoying this deep correction but as long as the 78.6% level holds we are good, if not, we might see a new low here
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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.