EURUSD - Will 61.8 hold?

FX:EURUSD   Euro / U.S. Dollar
I've been eyeing this opportunity this since last week. Price have failed 5 times (and counting) to break and close below 1.0650 (seen on 4 hour), which also happens to line up more or less exacly with 61.8 fibonacci X-A.

We're coming from an oversold condition, momentum seems to be turning around - could this simple setup wield profit?

Overall, the break to the upside of the big triangle also gives a hint what this pair wants to do, diving down inside the triangle could be one last dip in the water before heading up.

Trade closed: stop reached: Nope!
The target looks like 1.1030 for the 17th April for me. I think the red hammer bottom wick on your chart (04-04 09:00), could well be the actual bottom here.
Thanks for sharing.
Looks like it
Home Stock Screener Forex Screener Crypto Screener Economic Calendar How It Works Chart Features Pricing House Rules Moderators Website & Broker Solutions Widgets Charting Solutions Help Center Feature Request Blog & News FAQ Wiki Twitter
Profile Profile Settings Account and Billing TradingView Coins My Support Tickets Help Center Ideas Published Followers Following Private Messages Chat Sign Out