Hi, today we are going to talk about the EUR USD and its current landscape.
We observe at the weekly chart that the price on this asset had a false breakout of a Gann resistance that culminated in the formation of a descending channel. However, trough Fibonacci, we observe that the previously bullish wave was completely consumed and the 61% level of Fibonacci was broken.
Thank you for reading and leave your comments if you like.
We observe at the weekly chart that the price on this asset had a false breakout of a Gann resistance that culminated in the formation of a descending channel. However, trough Fibonacci, we observe that the previously bullish wave was completely consumed and the 61% level of Fibonacci was broken.
Thank you for reading and leave your comments if you like.