EURUSD Reversal?
Updated
Price hit a D extension to the downside off of a shallow retracement to the upside and stalled out at the 1.18 and 1.27 D extension.
I believe there is a possibility for long-term price to travel to the daily 61.8 fib level before a continuation to the downside.
I think we will see a short-term buy opportunity to 1.17500 first and if it breaks, there may be potential for more room to the upside before a continuation to the down side.
I believe there is a possibility for long-term price to travel to the daily 61.8 fib level before a continuation to the downside.
I think we will see a short-term buy opportunity to 1.17500 first and if it breaks, there may be potential for more room to the upside before a continuation to the down side.
Note
Note
Related publications
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.