Well, it seems that the market could not pass the daily resistant price at 110.900.
I find it interesting because the daily resistance point (110.900) is just below the 38% Fib (111.012). The market touched the 38% Fib level and retraced back down.
So, what is next? Could this be a confluence point?
And price will retrace?
Good luck and I wish you all lots of pips :)
I find it interesting because the daily resistance point (110.900) is just below the 38% Fib (111.012). The market touched the 38% Fib level and retraced back down.
So, what is next? Could this be a confluence point?
And price will retrace?
Good luck and I wish you all lots of pips :)
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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.