On
EURUSD
, we are having bearish market last few hours. The price dropped significantly and sellers are full control of the price. Even negative news on USD, couldnt stop this drop. We can see their unsuccessful try (check long shadows). However, it is expected that buyers will step in and raise the EUR up but where?!
There is a support level at 1.0711, where price had reaction (see arrows). Moreover, we are having a trendline (dynamic support) which exactly hits the PRZ zone. In addition to that there is a valid gartley pattern, which gives a signal (88% retracement) on the same level at 1.0711. From this analysis, this set-up gives a great opportunity to go long.
T1 - 38.2%
T2 - 61.8%
------------------------------------------------------------------------------------------------------------------------------------------------------
TOP 10 Forex Broker: www.best10forex.com
TOP 10 Binary Options Brokers: www.binaryreviewed.com
EURUSD
, we are having bearish market last few hours. The price dropped significantly and sellers are full control of the price. Even negative news on USD, couldnt stop this drop. We can see their unsuccessful try (check long shadows). However, it is expected that buyers will step in and raise the EUR up but where?! There is a support level at 1.0711, where price had reaction (see arrows). Moreover, we are having a trendline (dynamic support) which exactly hits the PRZ zone. In addition to that there is a valid gartley pattern, which gives a signal (88% retracement) on the same level at 1.0711. From this analysis, this set-up gives a great opportunity to go long.
T1 - 38.2%
T2 - 61.8%
------------------------------------------------------------------------------------------------------------------------------------------------------
TOP 10 Forex Broker: www.best10forex.com
TOP 10 Binary Options Brokers: www.binaryreviewed.com
