848evo

[ANALYSIS] EURUSD Rebounds 61.8 but Channel Holding

FX:EURUSD   Euro / U.S. Dollar
139 0 7
EURUSD             had a sharp and quick rebound off the 61.8 fib level, but not enough to break the upper channel. I'm still waiting for a long opportunity because as you can see even if PA breaks to the downside, there isn't a lot of room for it to go before hitting a major support area . We also see an inverted hammer followed by an engulfing candle signaling more upside movement. Waiting to see...

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