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andypro16

Near the very key 0.618 level, looking for bounce

Long
Euro / U.S. Dollar (FX:EURUSD)  
andypro16 Updated   
FX:EURUSD   Euro / U.S. Dollar
Trend Analysis Chart Patterns
2
0
trendanalysis chartpattern
Since EURUSD is trading near the 0.618 level, I expect consolidation and bounce in short term. We do not have a good R:R ratio to continuously short from the current price level. Bears are likely to close their positions.

Key support: 0.96
Key resistance: 1.05
Trade closed: target reached
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