Hello everyone,
After a weeks long fall, we have seen a retracement above 1.07 for the last 3 weeks on EURUSD.
Weekly RSI has reached it's upper level trend line and I expect a retest of lows for the following days. Even there is a chance it can go below, my target would be previous consolidation zone around 1.054 visible on daily chart.
Stop/Loss to be just above last week close, here are my targets.
Target: 1.054
S/L: 1.08
Current: 1.07185
It's my first public idea and will be sharing more. Follow for more ideas.
After a weeks long fall, we have seen a retracement above 1.07 for the last 3 weeks on EURUSD.
Weekly RSI has reached it's upper level trend line and I expect a retest of lows for the following days. Even there is a chance it can go below, my target would be previous consolidation zone around 1.054 visible on daily chart.
Stop/Loss to be just above last week close, here are my targets.
Target: 1.054
S/L: 1.08
Current: 1.07185
It's my first public idea and will be sharing more. Follow for more ideas.