EURUSD
will enter the resistance area shortly and retreat at the 1.19275 level. The retreat will start next week.
Comment:
There is a strong XA FIB Retrace at 38.20% which coincides together with the 4h EMA 200. The day before the market struggled at our 4h EMA 200.
Comment:
Until now the EMA 200 line is defending the bears. Maybe the bulls run the game again tomorrow. Target is still our red area around 1.19000 before there will be a greater retreat.
