Seems that there might be a short-term retracement.
The fibo levels support it. In addition, by looking at the Bollinger bands it also has an indication that favors this.
The fibo levels support it. In addition, by looking at the Bollinger bands it also has an indication that favors this.
Note
The fibo retracement tool here is not accurate. On the MT4 it shows that retracement was complete to 61% of the move. So It would be wise not to consider that it could further drop. 1.3370 was the correct level.
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.
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.