Nico.Muselle

EURUSD, 3 reasons why it might reverse here ?

Long
FX:EURUSD   Euro / U.S. Dollar
14
After the steep decline yesterday I was wondering why this pair stopped where it did and I found 3 reasons for it.

- A bullish Gartley pattern
- A bullish Butterfly pattern where D is the 1.618 extension of AB
- A previous gap that can act as support

Furthermore, the Fib extensions for both patterns (1.272 for Gartley and 1.618 for Butterfly align nicely)


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