FX_Rhapsody

EURUSD Breakdown Analysis

FX:EURUSD   Euro / U.S. Dollar
Looking at the hourly TF on EURUSD we see price finishing last week out with a sort of consolidation. I would like to see price retrace back to the 62% / 79% Fibonacci level and look for buy opportunities, but price might break up from here. Keep your eyes focused on those lower time frames.
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.