FX:EURUSD   Euro / U.S. Dollar
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#1 IDEA: THE RETRACEMENT REACHES 38.2 WHICH IS ALSO A QUARTER LEVEL, RETESTS AND CONTINUES AN UPTREND
#2 IDEA: FORMING A DOWNTREND, THE PRICE BREAKS THROUGH THE QUARTER LEVEL AND 38.2 FIB, RETESTS THE LEVEL AS RESISTANCE AND CONTINUES GOING DOWN
#3 IDEA: THE PRICE RETRACES UNTIL FIBS 61.8 AND FORMS AN UPTREND
TO SUM UP, LET'S WAIT WHAT HAPPENS AT THE LEVEL OF 38.2: THE PRICE RETESTS THE LEVEL AS SUPPORT OR AS RESISTANCE?

Comments

Just to add, The potential for EU to create a double top and continue down is still a possibility as 1.14000 is a strong daily resistance level.
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Patricija muhsenmoe
@muhsenmoe, thank you!
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