I am looking at a fibinoccie retracement from our 2014 May Highs.
We have retraced testing the 0.23 Line which confirms our fibinocci sequence.
Also I have drawn trend lines to mark the foretasted path if the EUR/USD continues its correction.
Greece Debt settlement and US rate and Q2 GDP decision will play into short to mid term trend confirmation
Comments
UnknownUnicorn200545
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As we drop into the lower supply box, we can follow the MACD for a good buy signal on the 4 hour or longer chart
UnknownUnicorn200545
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I bought in the lower channel and sold on the spike up to the inner lower channel.
UnknownUnicorn200545
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We have remained in the lower trend lines, and are continuing up. Recent FOMC meeting indicates for a stronger potential rate hike in September.
Greece debt negotiations could continue to add strength to the Euro pushing the EUR/USD higher.
Since the time this idea was posted you had a great entry point on the lower trend line.