After breaking this really significant level around 1.11100, EUR/USD has become a really interesting pair to watch closely.
Here we have two scenarios:
1- The price has broken this zone, went for a retest and now is starting the strong expected downtrend move.
2- The price might push a little higher touching the fib golden ratio and the trendline before starting the strong expected downtrend move.
My targets will be 1.08000 zone, which will also be the close of the gap left since 2017.
More analysis to post later, stay tuned!
#tradesafe
Here we have two scenarios:
1- The price has broken this zone, went for a retest and now is starting the strong expected downtrend move.
2- The price might push a little higher touching the fib golden ratio and the trendline before starting the strong expected downtrend move.
My targets will be 1.08000 zone, which will also be the close of the gap left since 2017.
More analysis to post later, stay tuned!
#tradesafe