Is this the end of the pullback?
Plenty of confluence is building up around 1,10-1,11.
1. Key Weekly zone at 1,10-1,11
2. Bears defended 1,10 on the 18th
3. Bears stepping in, again, today, defending 1,10.
4. 50-61,8% fibonacci level.
As recent as last week, the bears defended this level, and chopped of some of the bullish engulfing on the 18th.
So the bears are definitely present around this level.
If price continues to surge, even more confluence will be added to the list.
So yes - I think that it is highly likely that we are about to see the end of the EURUSD pullback, and Im just waiting for the right timing to catch the EURUSD short boat towards parity.
My first target will be 1,05 which is a key level for the bulls to defend.
1. Key Weekly zone at 1,10-1,11
2. Bears defended 1,10 on the 18th
3. Bears stepping in, again, today, defending 1,10.
4. 50-61,8% fibonacci level.
As recent as last week, the bears defended this level, and chopped of some of the bullish engulfing on the 18th.
So the bears are definitely present around this level.
If price continues to surge, even more confluence will be added to the list.
So yes - I think that it is highly likely that we are about to see the end of the EURUSD pullback, and Im just waiting for the right timing to catch the EURUSD short boat towards parity.
My first target will be 1,05 which is a key level for the bulls to defend.
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