EURUSD: Where we are?

FX:EURUSD   Euro / U.S. Dollar
61 0
The price is making resistance at the 50% of the structure 123 between point 1 and 2. If we draw the fib retracement between point 1 and 2 the price is making resistance at the 0,618 level.
If this resistance holds without breaking point 2 we will see a lower low below point 3.
In trading words it would be logical to sell now at the resistance with target at 1,618 level of fib expansion between point 2 and 3.
On the other side, the break up at point 2 would be an opportunity to buy with target at 1,618 level of the fib retracement.
Ckeck your information and match it with this idea. Good luck.
EN English
EN English (UK)
EN English (IN)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
SV Svenska
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 简体中文
ZH 繁體中文
AR العربية
HE עברית
Home Stock Screener Forex Screener Crypto Screener Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Contact Support Ideas Published Followers Following Private Messages Chat Sign Out