Hello Traders! 👋
What are your thoughts on EURUSD?
Price broke its ascending trendline and entered a corrective phase, retracing to the 50% and 61.8% Fibonacci levels .
Currently, the market is trading near a major resistance zone, which aligns with the 76.8% Fibonacci retracement, a supply area, the broken trendline, and a horizontal resistance — adding to the confluence and strength of this level.
As long as price remains below this resistance zone, the bias stays bearish, and we expect a move down toward the specified lower targets after some consolidation in this area.
Don’t forget to like and share your thoughts in the comments! ❤️
What are your thoughts on EURUSD?
Price broke its ascending trendline and entered a corrective phase, retracing to the 50% and 61.8% Fibonacci levels .
Currently, the market is trading near a major resistance zone, which aligns with the 76.8% Fibonacci retracement, a supply area, the broken trendline, and a horizontal resistance — adding to the confluence and strength of this level.
As long as price remains below this resistance zone, the bias stays bearish, and we expect a move down toward the specified lower targets after some consolidation in this area.
Don’t forget to like and share your thoughts in the comments! ❤️
Trade active
✅MY FREE FOREX &CRYPTO SIGNALS TELEGRAM CHANNEL:
t.me/+1gFAIO4CJJw3NTU0
✅INSTAGRAM:
instagram.com/marketanalaysis
t.me/+1gFAIO4CJJw3NTU0
✅INSTAGRAM:
instagram.com/marketanalaysis
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
✅MY FREE FOREX &CRYPTO SIGNALS TELEGRAM CHANNEL:
t.me/+1gFAIO4CJJw3NTU0
✅INSTAGRAM:
instagram.com/marketanalaysis
t.me/+1gFAIO4CJJw3NTU0
✅INSTAGRAM:
instagram.com/marketanalaysis
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.