danielperezfx

EURUSD Weekly Anticipation

FX:EURUSD   Euro / U.S. Dollar
46 0 1
EU has been in consolidation for quite some time, staying between two specific support/resistance zones. Recently, it started creating higher lows and eventually higher highs. I utilized the fibonacci retracement tool from the swing high to the swing low plus the fibonacci extension tool and found out that the market is hitting the 127 level consistently when shifting the extension levels from each new low to new high. With that being said, once we found the distance between the first low to high and the first high to low, it's determined that the pair will test the resistance again, potentially break structure, re-test, and break out for full bullish activity. There's a chance it could test the zone and reverse once again. If it does, watch for a potential break of the trend line .
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
Home Stock Screener Forex Signal Finder Cryptocurrency Signal Finder 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