Fibo retracement 23.6% level (1.1680) is broken, with a clear SHS_ formation above.
Following the break, price also faced resistance from 1.1680 level last week.
ECB still dovish and EUR bulls' summer time excitement is missing. Retracement from September high level seems to extend further below.
I prefer to hold short positions until the price touches the base of orange triangle (around ~1.1400-1.1450).
Following the break, price also faced resistance from 1.1680 level last week.
ECB still dovish and EUR bulls' summer time excitement is missing. Retracement from September high level seems to extend further below.
I prefer to hold short positions until the price touches the base of orange triangle (around ~1.1400-1.1450).