ArekJP

ArekJP

possible long trade with resistance in 0.8750 area - previous support, Fib levels overlaying at 0.8753, RSI over sold - SL below 0.87 - approx 1:1 RR

ArekJP

Trend line holds good place to enter short position, RSI overbought, TP in area of lower band of channel

ArekJP

possible good entry - bouncing of 61.8 Fib at the same time strong support area - good RR ratio

ArekJP

EURUSD currently sitting at 38.2 Fib level, if 1.37 level holds, possible reversal to 1.35 area. On the other hand we may see run up to 1.38 area and than possible reversal. Both trades holds potential good R/R ratio.

ArekJP

Looking at M chart next level to test is 1.7345 from 10/1998 which align itself with 50% Fib level on Monthly chart. Trade good tor 220+ points with stop loss below/ around 1.6990 - good 2:1 RR ratio.

ArekJP

Bouncing of support area 50% Fib retracement - clear doji candle - SL bellow the low of support area , TP in resistance area.