Provided that the the price closure ended above the ceiling however, not extending its gains by much, there is a quick opportunity to short EURO
. Despite the overall trand being bullish
, it is evident that the growth appears to be in 3 stages, and we have reached a stage where the price is about to retrace just like it with the previous confirmation of the FIB 0.618
indicate that the short term price movement is flattening and about to succumb to a bearish
move probably pushed by the institutional investors.
confirm the slightly longer Bullish trend
, however the PSAR coming close to mid range EMA
(orange ) indicates that the quick short term movement will definitely take place.