The Euro is trading within a daily range. Price is now retracing to a key level around 1.39000. We should now expect to bounce off this level and make its way to around 1.15700. This is a potential 180 pip move.
Here we see price retracing after a huge bull move. We are expecting to see price tap the indecision region (blue) that coincides with the the 38.2% price reversal zone around 1.3900. Price should shoot up to 1.5430 region after the release of the US interest rates today.
This pair is currently in a nice downtrend. I am expecting price to retrace to the 61.8% around the 1.33110 zone highlighted in yellow. A bearish engulfing was formed on the Daily chart and now price is currently retracing that huge candle.The critical zone highlighted in red is where we are expecting price to reverse because it is in confluence where they lies an...
