EUR/USD:LONG Setup Scenario For A Pullback 50% FIBO - LONG

8 set 2022

The EUR/USD in the last sessions struggles to find a concrete direction for the next step, as you can see the price it's inside an accumulation area, or lateral. Looking at the recent past, this kind of situation ends with a Strong impulse or in the direction of the main trend or trying to find a Pullback where the stop loss is located before having a solid direction to follow. In the scenario I drew here, we suppose to have a Pullback in the previous Resistance are where are placed the Major Fibo levels and the Dynamic Trendline. Note, the RSI presents a Divergence. What do you think about it?

8 set 2022

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