Hey Traders, EURUSD was moving in a range for almost two weeks, and now it is preparing to continue its bearish move towards the 1.060 and 1.053 levels. We can see how the daily 50 EMA is reacting to the price. This EMA is reacting as a support/resistance to the price. Any entry from now requires a stoploss above the daily EMA, targeting recent lows and the 1.060...
Price has bounced off from our resistance level which is a swing-high resistance Entry: 1889 Why we like it: Price has respected our 38.2% Fibonacci retracement level which is an overlap support at 1889 Stop Loss: 1855 Why we like it: Place it slightly below 61.8% Fibonacci retracement Take Profit: 1933 Why we like it: There is a recent swing high...