Euro / U.S. DollarShort
EUR/USD 1h retracement
Updated
EUR/USD has been in a long rally, and its time for a short retracement before ECB tomorrow ..
evidences :
- price action reached :
-the upper line of a longer channel
-the 61.8% expansion level of the previous wave
-the daily R3 of pivot points
-price overbought on RSI
entries:
-enter now
-sl = 1.24415
-tp = 1.23178 (at the 38.2% level)
## the longer move will be determined tomorrow be the ECB
evidences :
- price action reached :
-the upper line of a longer channel
-the 61.8% expansion level of the previous wave
-the daily R3 of pivot points
-price overbought on RSI
entries:
-enter now
-sl = 1.24415
-tp = 1.23178 (at the 38.2% level)
## the longer move will be determined tomorrow be the ECB
Trade closed: stop reached
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