EURUSD is trading sideways. 1.1180 proved to be stronger than I was expecting. A break below the local support would signal a drop towards 1.1070, while a break above 1.1140 i believe would signal a rally to 1.1180.
yes...i think the same if price not broken 1.11200 will be signal of trend terminated and start reversal is what look now happen is graphic 1 hours 2 bars green is reversal
omar_bortolussi
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i extend Fibonacci target probably 1.1180 1.2060
Razvan
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to 1.2060 you have 900 pips, did you mean 1.12?, i mean for this time frame
omar_bortolussi
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yes sorry 1.1180 1.1200 but now my idea is confused why is going down my resistance still 1.108 old level resistance/support and Fibonacci 1.1050 from 1.065 to 1.2220
Razvan
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1.11 i think could be a good support on short time. I don't really know the fundamental reasons for the drop...we will find out if there are any.
omar_bortolussi
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sorry again not 1.2220 1.1290 i think to far 1.2220