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UnknownUnicorn170838
Sep 4, 2020 8:39 AM

EU 1.16725 Retrace Short

Euro Fx/U.S. DollarFXCM

Description

The chart shows all the important levels based on Fibonacci extensions and pitchforks, as usual. The probable zone of price retrace is 1.16725, after which the price will retest the broken global trend line (big green dotted line). But I'm not sure that long from there will be good idea, because the price can magnetise towards this line with a slow descent to the next level 1.14825. Need additional confirmations for analyse. Also pay attention to the blue dashed pitchfork lines.

Global Targets
EURUSD: 1.4222
DXY: 78


Good Luck and Go Green Guys!
Comments
InkyGrip
Top level analysis, also chck my ideas if you like!
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