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hossein.shobeyri
Feb 27, 2021 9:21 AM

EURUSD Short

Euro Fx/U.S. DollarFXCM

Description

After the uptrend channel breaks and reaches the demand area (purple rectangle), the price will probably fluctuate between this area and the uptrend channel.
Otherwise, by breaking the demand zone, the first and after the pullback will reach the second demand zone.

The first area of demand corresponds to 88% Fibonacci retracement and the second area corresponds to 1.23% of Fibonacci retracement
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