Alexander_Bennett

EURUSD trading strategy! The selling trend is still strong!

FX:EURUSD   Euro / U.S. Dollar
Hey everyone,

What are your thoughts on EURUSD today?

Looking at the 4-hour chart, EURUSD is currently in a recovery phase. The pair is filling the GAP and completing a retracement to the 0.5 - 0.618 Fibonacci levels. As of now, the price is sitting at 1.0768, reflecting a 0.04% increase for the day.

It's expected that after completing this retracement, the price might resume its downward trend, just as illustrated on the chart!

What’s your take on this? Let’s discuss your insights in the comments below!

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