Los retrocesos de Fibonacci (representados de color morado) muestran las zonas en las que el precio podría rebotar en los próximos periodos. Por lo tanto, es bastante probable que el precio suba hasta rebotar en uno de los dos retrocesos inferiores.
Por lo tanto, yo entraría largo con un stop loss cerca de 0.8400, que fue el mínimo que el precio alcanzó el día 6 de Agosto
After the downward tendency that took place during the month of July, it seems like USDEUR is recovering. The RSI indicator and the EMA validate my hypothesis, as the RSI show that the shares are now in the buying area and the EMA points up.
The Fibonacci retracements (in purple) show the areas in which the price could bounce in the next periods. Accordingly, it is quite probable that the price will go up until bouncing into one of the two retracements we can observe in the graph.
In conclusion I would buy with an around 0.8400 stop loss, which was the minimum price the company reached on August the 6th