EUR/USD: In the last session we saw the EUR had a pullback on the 61.8% FIBO level retesting the resistance Area where the price, also with the confluence of the dynamic trendline inside a Bearish flag in a strong downtrend scenario, today shows a new tendency to the Bearish side. Looking at the Leg extension of the Bearish Flag ( = ) we may hypothesize the next bearish impulse target. The stochastic indicator is still in the Overbought area and all the clues are about a new Bearish impulse in the direction of the main trend, the Downtrend.
Note
✅ Price is following our initial idea.
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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.