I am currently long on the Euro for several reasons:
1) Nice trendline that has been respected since it began on 07/13/2017
2) It is bouncing of an area that was resistance turned support
3) It is pulled back to 78.6% making it a nice slow move up on a critical fibonacci point.
If it breaks the trendline i will be looking for short opportunities
1) Nice trendline that has been respected since it began on 07/13/2017
2) It is bouncing of an area that was resistance turned support
3) It is pulled back to 78.6% making it a nice slow move up on a critical fibonacci point.
If it breaks the trendline i will be looking for short opportunities