I have a nice pattern here If it turns out, I have a long position for later Waiting to see if it turns all to green first :-)
Euro is bearish, Next or price will bounce on the red line. Maybe pin below but close above before the rise. Or if close below then we'll see a deeper fall.
Analyse We hit the 0.786 fibo retracement and saw price action to the upside. Macd is crossing over. We're oversold. Conclusion: price may start to push back up for a while. Positive point: we know that 0.786 and 0.886 is a strong place to see reversals. Negatif point: we did not hit the 0.886 of the fibo.
I see hesitation in the market. Maybe the place for a correction down. Je vois des hésitations dans le marché. Peut-être l'endroit pour une correction vers le bas.
Here i think the price will drop just a bit down. Not a place to enter because the risk reward is not good in my opinion. There's a chance to see it drop a little more before bouncing up. The mid term is still bullish atm.
Based on the trend, structure levels and zone's I have found with the fibonacci retracements on different timeframes, I see the eurusd is extremely bearish and there are no signs or any news predicting a change. My multiple stochastics on different charts are showing extreme weakness on all the major charts. There is always a point where it comes to a reversal...
After eurusd broke down today the global view extremely bearish.
Looks like a place where things can happen.