qureshi009

My analysis on EU monthly timeframe

FX:EURUSD   Euro Fx/U.S. Dollar
159 3 9
5 months ago
Looking a the previous structure formation, currently it is testing the previous consolidation state and also crossed the 61.8 fib level. It will test the 1.04696 support again and if breaks could possibly go to 161.8 if not, it has to break the downtrend and continue move up.

Guys let me know if anyone agrees to this.
2 months ago
Comment: as mentioned the downtrend continues
x381966011250105
5 months ago
Hi, try to set 0.0% at the resistance on close-open candlestick prices on top, and it might turn out that 61.8 fib level is still being tested now (with the last-Friday drop down). What if (in Scenario 2) we may test again 23.6 fib level? ;-) Cheers
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x381966011250105 x381966011250105
5 months ago
Maybe if you do so, you should also correct in the same way the 100.0 fib level. The picture might get slightly different..
Reply
qureshi009 x381966011250105
5 months ago
thanks
Reply
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