Feltzilla

EURUSD 0.618 PULLBACK

Long
OANDA:EURUSD   Euro / U.S. Dollar
SO since the move from the previous consolidation we have pulled back to the 0.618 fib three times and rejected with pin bars, now price appears to be being squeezed, price always has retreated to the ema 89 and this signifies to us that we are in fact in an uptrend. Fundamentally we look at the weakness in the dxy index and the dollar, with gbpusd and gbpjpy having made large moves earlier today, maybe we can see eurusd and eurjpy makes its own attempts at a rally.

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