In a long run, EURUSD are bullish and @ this moment touch the support trendline, so its a good setup buy when the price are soldout, its the time, what you think?
Analyse in H4. Enter buy in greenzone of Fibonnaci around 1.0754 with take profit around 1.082
In H1 the price is overbought, i believe in a correction till the fibonnaci 61.8 level @ 1.07380
- USA is in a BULL MARKET, so the risk apetite is on stage; - the inflation in to high. even inflation down in the near future, the job market are very strong, maintaning the economie stable; - at this moment ECB provability will raise the rates more than USA in near future;
I learn that in almost of the time (unless some big disasters occurs int the world) the only information se need is on charts because in there se can see the moves of the big players of the market make. I love Fibonacci indicator and most the 1.618 levels and Next the 2.618 level...in this month analyse we can see the price broke below the 1.618 level @ 1.13548...
Elliot waves and Fibonacci predict idea, wait reach end the wave 4 and enter wave 5 with a Nice 80 pips profit...
Reading correction waves, RSI extreme overbought sinal, and DXY having good moves today...