WengJeff

EURUSD FIB extension complete, expect the price to back up

Long
WengJeff Updated   
FX:EURUSD   Euro / U.S. Dollar
2
EURUSD had completed it -61.8% FIB Extension. What I expect the price is it may go back up to 1.0820 level, the key level 1.0500 is a strong support area that hold the price very well in the past.

Another reason is the price was decline way too much, it may need to pull back, it the price break 1.0820, then it will head to weekly key level 1.0975.

This is my prediction for EURUSD. Will need to be patience for now.
Trade active:
Trade closed manually:

Having strong momentum to downside, close it manually, will consider to go back in depends on the price action

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.