Overall trend of EURUSD is still bearish and has just recently tested the FIB golden zone (50%-61.8%)
However, I do expect price to retrace to form a minor structural lower high before going down.
I would be entering for a sell if 3 or more of these confluences are met:
My previous analysis on EURUSD:
However, I do expect price to retrace to form a minor structural lower high before going down.
I would be entering for a sell if 3 or more of these confluences are met:
- Break and retest of counter-trend line & previous minor high(Aggressive)
- Break and retest of Level 1.16000 (Conservative)
- Bearish Structure formed
- Bearish Candlestick Pattern
- Good Bullish Strength on the DXY
My previous analysis on EURUSD:
