EURUSD after the recent low started a retracement move to the upside.
The market retest the 0.786 Fibonacci level and will possibly deliver a higher high in the short term with a retest of the 0.5 zone.
How i can i approach this scenario?
The main outlook remains bearish so i will wait for a test of the parity level and in that case i will monitor the price for a nice short order.
The market retest the 0.786 Fibonacci level and will possibly deliver a higher high in the short term with a retest of the 0.5 zone.
How i can i approach this scenario?
The main outlook remains bearish so i will wait for a test of the parity level and in that case i will monitor the price for a nice short order.
Comment:
price is now testing the 0.5 Fib
Comment:
inversion at the 0.5 as expected
Comment:
moving as expected
Comment:
need a break of the resistance zone
