DoctorSLO
Short

EUR/USD forecast for the next 20 days

FX:EURUSD   Euro Fx/U.S. Dollar
3 months ago
From the basics of price action we have:
IH: initial high
IL: initial low
LH: lower high
LL: lower low

In the past, the price targeted exactly that 1.272 Fibonacci extension, which is at 1.095. If we apply the same principle for the next wave, we can also spot a support at the 1.272 extension, which is at 1.085.

The other scenario is the inverse head and shoulders pattern! So keep an eye on the important levels.
3 months ago
Comment: Fibonacci, not fibonachi (can't edit) :D
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