nmike
Short

EURO / US >>>>BOTTOM?

FX:EURUSD   Euro Fx/U.S. Dollar
540 6 4
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.
nmike MOD
4 years ago
1st FIB level reached
+1 Reply
nmike MOD
4 years ago
....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
+1 Reply
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