EURUSD Daily S/R| .618 Fibonacci| Swing High| Price Action

Evening Traders,

Today’s analysis – EURUSD – trading above its Daily S/R, confirming a swing low failure will be considered bullish.

Points to consider,
- Price Action Impulsive
- Daily S/R Support
- .618 Fibonacci S/R
- Swing High Objective

EURUSD’s immediate price action is pivotal, holding this current .618 Fibonacci S/R will allow for a bullish bias.

The Daily S/R has been respective as support, holding this low is critical for a confirmed trend change.

The objective is the Swing High, exceeding this level will increase the probability of testing the Local S/R Zone.

Overall, in my opinion, EURUSD is a valid long with defined risk, price action is to be used upon discretion/ management.

Hope this analysis helps!

Thank you for following my work

And remember,

“Opportunities come infrequently. When it rains gold put out a bucket not a thimble.” – Warren Buffet