🔥 EURUSD is on fire! But it need a correction
Our previous analysis has been invalidated cause EURUSD is literally on fire. Even with a shooting star as previous candle and even with USD positive news today the pair keeps going up and up breaking every resistance and previous HH.
But it need a correction.
Today the price reached another trendline and got rejected. If we don't broke this trendline i expect a correction (check 1D timeframe) atleast at 0.5 or 0.618 fibonacci it depends by the bears strength (i think they will be very aggressive cause we have important bearish divergences on RSI).
If even this trendline will be broken i think that the next resistance will be at 1.90.
There i expect a really big rejection.
On Friday we'll also have NFP. It may change every analysis and trend.
Be very careful!
Please let me know what do you think about this analysis.
Cheers!
But it need a correction.
Today the price reached another trendline and got rejected. If we don't broke this trendline i expect a correction (check 1D timeframe) atleast at 0.5 or 0.618 fibonacci it depends by the bears strength (i think they will be very aggressive cause we have important bearish divergences on RSI).
If even this trendline will be broken i think that the next resistance will be at 1.90.
There i expect a really big rejection.
On Friday we'll also have NFP. It may change every analysis and trend.
Be very careful!
Please let me know what do you think about this analysis.
Cheers!
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