EUR/USD Possible Scenario
EUR/USD reached a critical support zone with a falling wedge formation on the 1H chart. I expect to see a reversal to the upside at least for a small correction if it wants to continue its way down for more downside later.
Our first target will be the 38.2% Fibonacci Retracement at 1.1700. Breaking this level will push the price towards the 50% Fibonacci Retracement level and the 61.8% golden ratio level at 1.1710 and 1.1720.
From a price-action, the price should reach the beginning of the falling wedge at 1.1750.
Our first target will be the 38.2% Fibonacci Retracement at 1.1700. Breaking this level will push the price towards the 50% Fibonacci Retracement level and the 61.8% golden ratio level at 1.1710 and 1.1720.
From a price-action, the price should reach the beginning of the falling wedge at 1.1750.
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