EURUSD has been ranging for the past several hours. We just recently saw a move up to the 38.2% Fibonacci Extension level. Seems as if many traders are jumping aboard the bullish wagon, hoping for the extension higher. We need to have more buying activity (momentum) before we move up higher than this level.
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.