Yesterday, EURUSD continued to move sideways above 1,1300, showing no strength for a new push higher.
This suggests we could see a continuation of the correction toward the next support levels.
These levels, identified using Fibonacci retracement and previous highs, are 1,1253, 1,1183, and 1,1055.
Keep an eye out for a continuation of the correction and how the price reacts.
Avoid trading against the main trend!
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💡 If you want to know on what basis we make our entries, get in here: t.me/trendlinefreetrade
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.