Hello all, this is my prospective on the pair EURUSD
Wait to see a pull back to 1.1823s which is the 0.382 Fib retracement.
If the pair is still below 200 EMA, 200 SMA (signaling we are in a down trend)
and RSI is showing that the market is overbought look to get short with stops at
1.1866s which is the .50 Fib retracement level and a break of old structure.
Targets will be 1.1724s which is a retest of structure lows
Wait to see a pull back to 1.1823s which is the 0.382 Fib retracement.
If the pair is still below 200 EMA, 200 SMA (signaling we are in a down trend)
and RSI is showing that the market is overbought look to get short with stops at
1.1866s which is the .50 Fib retracement level and a break of old structure.
Targets will be 1.1724s which is a retest of structure lows
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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.