💵Euro/U.S.Dollar💵Analyze !!!Euro moved in Descending Channel more than one year, and these days we saw that the Euro was able to break lower line of Descending Channel , from my idea, this break can be a fake-out and Euro will back again to its channel.
I have some reasons for this fake-out : Euro is at my TRZ (Tiem Reversal Zone) + Junction between 61.8% Fibonacci line of Pitchfork and 25% Fibonacci line of Pitchfan + Cluster of Fibonacci ( PRZ (Price Reversal Zone)) + Also we can see support zone and an Important Support Line under the current price of Euro .
🔅 Euro can go UP from the Current Price at least until the lower line of Descending Channel , and in the next step can touch the middle line of the Pitchfork .
🔅 Euro/U.S.Dollar Analyze ( EURUSD ) Timeframe 4h ⏰
🟢 Price Reversal Zone ( PRZ ): 1.0907$ until 1.0894$ =Cluster of Fibs
🟢 Support Zone : 1.0776$ until 1.0725$
Do not forget to put Stop loss for your positions (For every position that you want to open).
Please follow your strategy , this is just my idea, and I will be glad to see your ideas in this post.
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