The EURUSD closed last week around the 1.1360 level and is still below 61% Fibonacci retracement level, which showed the pair's rise more than once on the four-hour interval
On the other hand, the continuation of the EURUSD below the 61% Fibonacci level supports the EUR's decline and the completion of the pattern as shown in the figure
Our view of the pair negative only in case of closing the candle four hours higher 1.1460
Best places to enter
Sell the pair from the current price targeting 1.1250 then 1.1150 and stop loss at four hours closing higher 1.1460
On the other hand, the continuation of the EURUSD below the 61% Fibonacci level supports the EUR's decline and the completion of the pattern as shown in the figure
Our view of the pair negative only in case of closing the candle four hours higher 1.1460
Best places to enter
Sell the pair from the current price targeting 1.1250 then 1.1150 and stop loss at four hours closing higher 1.1460
Commentaire:
