eurusd simple Fibonacci retracement
eurusd has started making lower low lower high.
the current trend is trading right at 50% retracement of previous wave ( making double top there)
resistance 1.21510 has been tested many time before as support now its time to prove again as resistance.
if this resistance holds than it will make new lower low below 1.19524
current trend is part of big trend previously explained here -->
lower it goes more confidence bulls will get to make new monthly higher high after that deep retracement
the current trend is trading right at 50% retracement of previous wave ( making double top there)
resistance 1.21510 has been tested many time before as support now its time to prove again as resistance.
if this resistance holds than it will make new lower low below 1.19524
current trend is part of big trend previously explained here -->
Comentarios:
horizontal resistance , fibonnaci retracement and parallel channel at the same place. one of the perfect trade setup
