EUR/USD:SHORT From Resistance Area 50/61.8% FIBO Pullback SELL
Updated
Following our Yesterday idea, the Price has totally fulfilled our prediction about the pullback on the previous 50% - 61.8% Fibonacci level in confluence with the static Resistance line ( dotted line ). The Price yesterday after retesting the area 1.01 finds this talked levels, like a wall to not go over with also the 100 Moving average working as another obstacle for the price. The Stochastic is ready to drop from the overbought meanwhile the RSI form an interesting pattern of breakdown. All these clues make the chart of today: A strong bearish candle.
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