These are my projections based on the level 1 formed on EURUSD.
Please confirm each move with your analysis. Share your thoughts. Thank you.
Сделка активна
⋅
Комментарий
⋅
The fib retracement was a mistake. I must moved it with when trying to put the arrows in place. The lower end should start from 1.08043
Комментарий
⋅
If you are on this trade with me, please close now. Its either a retracement or price reversal, eitherway we can find a better entry. This is just an advice.
Сделка закрыта вручную
⋅
Сделка активна
⋅
Комментарий
⋅
LVL 2 on this projection achieved, retracement about to begin
I think EU should break the support nd head to the down side
SwingingPrime
⋅
@Rudethug, I thought so too, I was previously on a sell. However, Price closed on the 50%fib (golden zone) retracement on friday from a strong move up; that rejected the monthly support and broke the top of the wedge (from last swing high). I am very biased uptrend right now. Moreover, the USD is weaker at the moment