EURUSD- 06Apr2022
On the daily, EURUSD dropped back to channel trendline + 78.6% Fib support. If price breaks this level, it will go back down to retest 1.08130.
On the H4, price invalidated the previous inverse h&s by dropping below the neckline. Price action and MAs are bearish while both H4 Stochastic & RSI are at support. If price close below 78.6% Fib at 1.08870, we could expect EURUSD to retest the lows.
This is for personal record purposes only, not financial advise or solicitation of trade.
On the daily, EURUSD dropped back to channel trendline + 78.6% Fib support. If price breaks this level, it will go back down to retest 1.08130.
On the H4, price invalidated the previous inverse h&s by dropping below the neckline. Price action and MAs are bearish while both H4 Stochastic & RSI are at support. If price close below 78.6% Fib at 1.08870, we could expect EURUSD to retest the lows.
This is for personal record purposes only, not financial advise or solicitation of trade.