Currently, the EU is in a downtrend channel.
Fib is from Daily and as you can see wick was rejected from 78.6 and the body has closed below 50 and failed to break out and go bullish. Have been in consolidation on Thursday to market close. Expecting to gap up and go bearish.
Please only trade if you agree with the analysis.
Good Luck!
Fib is from Daily and as you can see wick was rejected from 78.6 and the body has closed below 50 and failed to break out and go bullish. Have been in consolidation on Thursday to market close. Expecting to gap up and go bearish.
Please only trade if you agree with the analysis.
Good Luck!