It has failed to reach Fibs 0.618 and I'm targetting a Short now. Some days ago it has been trapped on the Fibs 0.5 and this week it's going to head down back to Fibs 0.382 shortly.
Simply remove all of you rubbish chart indicators, and learn how the price is moving and creating a pattern.
EURUSD has made a new LL, and you could clearly see there is a Bearish reversal pin bar. A start of a new uptrend, Bulls in CHARGE!
EURUSD (again) has failed to reach the 0.764 Fibs, and it's now stuck at 0.618 Fibs. Based on my Price Action analysis, EURUSD will continue it's long-term Uptrend.
You should learn how to trade with naked chart, no lagging indicators, no news, etc. Imagine when there is no website providing news, etc. you will be blind.
Economic News is based on Price Action...
Current price can't pass Fibo 0.382 (1.30710), there is a chance the price will be back up to Fibo 0.236 (1.33142).So, I'm personally taking Long on EURUSD.
