Short until R Zone then Long
Lots of EUR and USD related news coming this next trading week(!)
Considering past behavior likely a heavy buying R zone will be hit, then it will retrace back to the 0.786 Fib zone because of bull flag forming with previous trend line. (Depending on news and sentiment) We can see a further move up to the 0.5 Fib zone.
Considering past behavior likely a heavy buying R zone will be hit, then it will retrace back to the 0.786 Fib zone because of bull flag forming with previous trend line. (Depending on news and sentiment) We can see a further move up to the 0.5 Fib zone.
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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.