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EURUSD: Many signals confirm for trend reverse.

FX:EURUSD   Euro Fx/U.S. Dollar
183 1 5
Failed to break 1.1500 key resistance level, E/U immediately reverses the trend.

The narrow range (1.1325-1.1500) now officially is broken.

The bias shifts from bullish to bearish .

Look at on the chart, EURUSD             moved below 23.6% Fib retracement of (1.0820-1.1475), the next target is 38% Fib retracement at 1.1220

If 38% Fib retracement can't hold EURUSD             , so fair level is at strong support 50% Fib retracement 1.1140

I think EURUSD             quickly tests 1.1220 soon.

- Kumo cloud is at 61.8% fib retracement : 1.1080

- RSI Indicator: retreat at 70: Overbought zone.

- MACD Indicator: MACD line cuts signal llne.

Many signals contribute to bearish bias for EURUSD             .

I recommend to SELL EURUSD             to 1.1200, then 1.1140

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FXKOPPA
7 months ago
what if we remeber what market has done before , can it make easy to predict , I believe yes , here is my example
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