EU Analysis
Weekly: After the pair broke out of the uptrend, it has formed a new lower low at 1.16 region. The pair has formed a hammer at the Key Region 1.6, signifying that a correction rally is in hand. The pair could potentially retrace to Fib 0.386 ( 1.18750) & Fib 0.5 ( 1.20000) before it resume the downtrend.
Bias
Long-term: Short
Short-term: Long
Bias
Long-term: Short
Short-term: Long
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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.