niamh-forex
Long

A potential change for EURUSD

FX:EURUSD   Euro / U.S. Dollar
*All analysis for this was completed on the 4H time frame*
Drew my fib levels from HL to HH of the bullish push. The bearish momentum over those past two days from EU seems to possibly be consolidating in the 61.8 fib region of the chart, noticing this allowed me to see the potential bullish Trend line off the 61.8 fib level. However, this could also be a continuation of the bearish swing which I imagine to continue until 1.07600 overall. But this is just an idea put in place if a retrace does occur at this key level.

Comments

Very good set up! Have a good trading week!
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