EUR/USD trade perspective
Clearly, the eurozone has been significantly bearish, here we do have a very clear and perfect setup that clearly distinguishes that price could potentially spike towards our key pocket of 61.8% Fibonacci retracement region in confluence with the trendline and moving average before potentially making a new low to around the new key low of 1.0800.. what could invalidate the position is a weakening of the dollar and euro breaking that trendline.
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.