As we can see in weekly time frame, EURUSD is touching the weekly trend line.
It's near to 50% of Fibo retracement.
And wave analysis also suggests a 3rd wave correction needed before breaking the line for more up movements.
Before any selling, watch the pattern and find the evidence for confirmation.
It's near to 50% of Fibo retracement.
And wave analysis also suggests a 3rd wave correction needed before breaking the line for more up movements.
Before any selling, watch the pattern and find the evidence for confirmation.
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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.