EURUSD POTENTIAL DROP BEFORE RISE?
Updated
EURUSD showing multiple downward waves to a major demand area (blue zone)
Notice previous area had huge bullish candle and is first test of the zone.
Anticipating a possible move down into the 88.6 swing low/high
or a Impulse above previous H1 high into next zone.
Notice previous area had huge bullish candle and is first test of the zone.
Anticipating a possible move down into the 88.6 swing low/high
or a Impulse above previous H1 high into next zone.
Note
EURUSD failed to break prior high giving a retest and dropping to the 88.60 fib levelwill be looking to swing trade off of this level.
Note
EURUSD rejected level 1.13500 (88.6%) now +35 pips profit. Expect higher highs on this pair
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.