EUR/USD:SELL From 61.8% FIBO Bearish Flag Resistance Area SHORT

24 oct. 2022

EUR/USD: In the last session we saw the EUR had a pullback on the 61.8% FIBO level retesting the resistance Area where the price, also with the confluence of the dynamic trendline inside a Bearish flag in a strong downtrend scenario, today shows a new tendency to the Bearish side. Looking at the Leg extension of the Bearish Flag ( = ) we may hypothesize the next bearish impulse target. The stochastic indicator is still in the Overbought area and all the clues are about a new Bearish impulse in the direction of the main trend, the Downtrend.

24 oct. 2022

Note

✅ Price is following our initial idea.