EURUSD Lucrative Short Opportunity on 4hr

5 dic 2020

EURUSD has been showing signs of Bull exhaustion with continued 4hr Bear Divergence on Bollinger Bands %B Oscillator, having faced resistance at the 1.272 Fib extension as shown on chart. The logical demand area will be the 0.382 Fib retracement which coincides with the 0.618-0.786 Fib Extension zone. Failing that support area, price will test the most likely 0.618 Fib retracement which also coincides with the 0.236 Fib extension area as shown on chart.