nmike

EURO / US >>>>BOTTOM?

Short
FX:EURUSD   Euro / U.S. Dollar
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The EURO is still overall BEARISH .However we now have candles that have stopped at the bottom of the BB(100),furthermore we a have a long term DIVERGENCE near a KEY support level .Expect a counter trend rally to at least the 2 FIB levels.
Remember folks if candles continue to stay outside the BB(100) it signifies EXTREME buying or selling.

Comments

....it still amazes me on how reliable FIBONACCI levels are.Due to developing bearish candle stick pattern the higher FIB.level is out of reach, therefore the next target is the lower FIB level @ 1.25
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1st FIB level reached
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Agreed.
+1 Reply
Agreed.
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Followed.
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Followed.
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