Hello,Traders! EUR-USD seems to be in a free-fall Which to me is an overreaction to the FOMC meeting results And looking at the 1D chart of EUR-USD I see 2 potential reversal levels One,being the low of the previous move down at 1.171 And the second one-a massive structure support at 1.161 The first one is newer, the second one has two touch-points Thus both are likely to stop the fall and produce a bullish correction Which I think will be strong and rapid So we are waiting patiently for the pair to reach any of the two levels And then we will be looking for the reversal signs before jumping on the correction bandwagon Buy! Like, comment and subscribe to boost your trading!
It is near 78% fib level. Hopefully, it will retrace next week.
MartinDupont
⋅
thanks for your analysis. good job
UnknownUnicorn4127247
⋅
Exceptional work, thanks mate ;)
yangpro6
⋅
I think JPY will have correction soon and risk reward of EURJPY should be better than EURUSD in short terms
TheSignalyst
⋅
waiting for this zone too;)
InkyGrip
⋅
+++ Great technical set up 🦐+++
MMBTtrader
⋅
have same idea
well done
SUPERGENERAL610
⋅
I would assuming the 1.17118 support would be a strong rebound area... For a 50% retracement... The Down trend is unstoppable this week... This crash drag alot of the crypto down also... It should bounce from 1.17118 back to where your target 1.18440 then Continue back down to next support at $1.16100👍 curious to see how this plays out 🤔👌extremely bearish this week🐻🐻🐻🦥🦥🦥