EURUSD retest
Updated
Trendline from May 2017 low been retested 3 times and has not been broken. Resistance at 1.25500 still not broken, short term resistance around 1.2200 still not broken also. EURUSD still looking bullish.
Price currently testing fibs level 0.236, expect to retest level 0.382 (short term) before bouncing back to 0.236 and above.
If price breaks 0.382 level, could be the true start of the EURUSD bearish trend if long term trendline is broken.
Long - 0.382 holds, short - 0.382 breaks
Price currently testing fibs level 0.236, expect to retest level 0.382 (short term) before bouncing back to 0.236 and above.
If price breaks 0.382 level, could be the true start of the EURUSD bearish trend if long term trendline is broken.
Long - 0.382 holds, short - 0.382 breaks
Note
UPDATE:EURUSD testing 0.236 fibs level, if level is broken small long scalp trade possible, if level is not broke, small short trade possible to 0.382 level
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.