Expecting a small retracement on EURUSD before the big push

Name: Expecting a small retracement on EURUSD before the big push
Uploaded: 2023-08-05T13:27:32.059199
Channel: Trader_Landry
Description: EURUSD found support at 1.0920 and managed to stay above this level. At the release of the nfp report we saw EURUSD break above the last lower high and is now starting to retrace towards the 50% Fib retracement level. My target after that will be at 1.1140. More details in the video...

Long

Euro / U.S. Dollar (FX:EURUSD)

Updated

FX:EURUSD Euro / U.S. Dollar

Trend Analysis Support and Resistance Fibonacci EURUSD

trendanalysis supportandresistance fibonacci eurusd

EURUSD found support at 1.0920 and managed to stay above this level. At the release of the nfp report we saw EURUSD break above the last lower high and is now starting to retrace towards the 50% Fib retracement level. My target after that will be at 1.1140. More details in the video...

Comment:

The 50% FIB level did its job!

Comment:

I am trailing my SL to make sure I have a risk free position...

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.