BillionsFund

INVERTED HAMMER - Good upside opportunity

Long
FX:EURUSD   Euro / U.S. Dollar
An Inverted Hammer has formed on the daily chart at the 2.618 Fibonacci level closing on Friday 14 February.
There are good chances for a rebound, at least up to the Fibonacci level 0.5 of the descent just made (redesign the levels).

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.