Correction on EURUSD
Yesterday, EURUSD rose to 1,0434, breaking above the previous high.
This opens the possibility for a deeper correction of the overall downtrend.
The first target is the 38.2% Fibonacci retracement level at 1,0568.
Levels above 1,0300 will act as support, and if the price bounces from there, it could be a good opportunity to buy.
The idea becomes invalid if the price drops below 1,0250!
This opens the possibility for a deeper correction of the overall downtrend.
The first target is the 38.2% Fibonacci retracement level at 1,0568.
Levels above 1,0300 will act as support, and if the price bounces from there, it could be a good opportunity to buy.
The idea becomes invalid if the price drops below 1,0250!
✅ JOIN FREE TELEGRAM: t.me/trendlinefreetrade
❓ If you got questions: t.me/Semkov
💡 If you want to know on what basis we make our entries, get in here: t.me/trendlinefreetrade
❓ If you got questions: t.me/Semkov
💡 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.
✅ JOIN FREE TELEGRAM: t.me/trendlinefreetrade
❓ If you got questions: t.me/Semkov
💡 If you want to know on what basis we make our entries, get in here: t.me/trendlinefreetrade
❓ If you got questions: t.me/Semkov
💡 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.