landofand
Long

Profit taking setting up for possible next uptick on EURUSD

FX:EURUSD   Euro Fx/U.S. Dollar
We have a recent uptrend in EURUSD             and currently seeing a natural retracement (pullback). If we can see some support at 1.3850 and the market climb back about the 1.3865 we could see a climb all the way to the 1.3915 level which is the 1.618 Extension on this current uptrend.

However, if we see the market drop a little, we could see further decline, at least until it reaches 1.3840 which is the .382 retracement
landofand PRO
2 years ago
going nuts waiting for breakout. looking at short timeframes, it almost looks like we might see the drop down to the .382
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landofand PRO
2 years ago
Pretty simple!!!

Would still follow the upward trend if it breaks above .786 drawn earlier
Also, start looking at bearish breakout and more decline if we fall below this 1.3820 level
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