EUR/USD:Price is Growing PULLBACK | SHORT Setup Analysis | SELL
Updated
As explained Yesterday, the price is still in the Pullback scenario after reaching the bottom of the market at 0.9864
The price may find the perfect rejection area around the Previous resistance area in accord with the Fibonacci levels of 50 and 61.8% and the presence of the 100 Moving average that, in the previous post worked as dynamic resistance for the price. Not last the Dynamic trendline can work like a wall for the price to not go over. The moment is crucial for this pair. The stochastic still approaching the Overbought area so our forecast is about a long setup until our attention area is fulfilled.
The price may find the perfect rejection area around the Previous resistance area in accord with the Fibonacci levels of 50 and 61.8% and the presence of the 100 Moving average that, in the previous post worked as dynamic resistance for the price. Not last the Dynamic trendline can work like a wall for the price to not go over. The moment is crucial for this pair. The stochastic still approaching the Overbought area so our forecast is about a long setup until our attention area is fulfilled.
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