Euro / U.S. DollarShort
EURUSD – Critical levels on weekly scale
Fibo retracement 23.6% level (1.1680) is broken, with a clear SHS_ formation above.
Following the break, price also faced resistance from 1.1680 level last week.
ECB still dovish and EUR bulls' summer time excitement is missing. Retracement from September high level seems to extend further below.
I prefer to hold short positions until the price touches the base of orange triangle (around ~1.1400-1.1450).
Following the break, price also faced resistance from 1.1680 level last week.
ECB still dovish and EUR bulls' summer time excitement is missing. Retracement from September high level seems to extend further below.
I prefer to hold short positions until the price touches the base of orange triangle (around ~1.1400-1.1450).
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.