EUR/USD fib short pattern

FX:EURUSD   Euro / U.S. Dollar
the pair is currently in a downtrend. On the daily chart the inner trend line has been broken and has come very close to second point of the original trend line which is point B before retracing back up to point C which is the re test of the trend line . I believe the extension from point C is the fib pattern continuation. Once the outer trend line has been broken the 100% fib level will be re visited then if weekly support is broken D1 target of the 127.20% level may be seen. This level of price structure lines up with previous support which is also another confluence.

Trend line broken
retracement back to 38.20% level
previous trend line re tested and held.
D1 lines up with previous price history.
Trade closed: target reached


Home Stock Screener Forex Screener Crypto Screener Economic Calendar How It Works Chart Features Pricing Refer a friend House Rules Help Center Website & Broker Solutions Widgets Charting Solutions Lightweight Charting Library Blog & News Twitter
Profile Profile Settings Account and Billing Referred friends Coins My Support Tickets Help Center Ideas Published Followers Following Private Messages Chat Sign Out