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Euro / U.S. Dollar

EURUSD (D1) - Wait to key Poin (If)

By forex47_
Updated
  • RSI negative divergence at bottom (1.15286)

  • The resistance area (1.16522-1.16744) still strong

  • The decline (correction) to the Fibonacci Retracements (0.5) area is necessary
    and does not indicate whether the pair continues to rise or fall

  • So, we expect more of an increase and at least return to the 1.165221.16744 zone,
    but not to Buy or Sell now!

    *In case the pair rises out of this zone (Higher 1.16744 with strong rise candle),
    will buy with the target at 1.18851

    *In case the pair falls out of this zone (Lower 1.16522 with strong fall candle),
    will Sell with the target at 1.15472
Note
Candlestick force is quite strong, surpassing the resistance area, so wait for a retest to execute a Buy order
EURUSDFibonacciOscillatorsSupport and Resistancetradingsignals
forex47_
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