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DAY_PROFITS
Aug 11, 2022 8:13 AM

EUR/USD:Price still in downtrend , some Resistance Ahead | Short Short

Euro Fx/U.S. DollarFXCM

Description

Yesterday after The CPI news the price for EURO jumped high gaining some pips and moved inside the Fibonacci area between 50 and 61.8% in confluence with a critical resistance area and the Dynamic trendline. The price is still under the 50 Moving average which is very close, this one can work like resistance for the price. The Overbought of the stochastic can be a clue for a reversal of the price. What do you think about it?

Comment

Comments
JoeChampion
my thoughts are going on the same direction
DAY_PROFITS
@JoeChampion, Thanks!
World_Open_Forex
I think down yes
DAY_PROFITS
@World_Open_Forex, I appreciate !
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