Hi guys, this is my analysis about
EURUSD
.
At the moment the price is moving to an important support zone between 1.0005 and 1.09887 inside a falling channel.
This zone is very important because already acted well as support but also because in it there is the 0.382 Fibonacci level (at 1.09933).
The possible scenarios for this trade are two:
Follow me for other analysis and if you have any question or suggestion let me know commenting below.
Thanks for reading.
EURUSD
. At the moment the price is moving to an important support zone between 1.0005 and 1.09887 inside a falling channel.
This zone is very important because already acted well as support but also because in it there is the 0.382 Fibonacci level (at 1.09933).
The possible scenarios for this trade are two:
- Long with a rejection candle in the support zone with take profit at 1.10874 or use the falling channel trendline touch as trailing stop if you see some rejection;
- Short at the retest of the support zone that has been broked with take profit at 1.08912.
Follow me for other analysis and if you have any question or suggestion let me know commenting below.
Thanks for reading.