Get started
Aleksin_Aleksandar

EURUSD short view 38,2% Fibonacci level

Short
Euro / U.S. Dollar (FX_IDC:EURUSD)  
Aleksin_Aleksandar  
FX_IDC:EURUSD   Euro / U.S. Dollar
Support and Resistance Fibonacci Trend Lines
6
0
supportandresistance fibonacci trendline
During the Asian trading session, the EURUSD pair encountered resistance in the 0.98500 zone at the 61.8% Fibonacci level. This was followed by a pullback to 0.98000 at the 50.0% Fibonacci level. EURUSD could further decline to the 38.2% Fibonacci level, where it would test the breakpoint. If we find new support there, the pair will form a higher low, and we could start a new bullish impulse.

Related Ideas

Aleksin_Aleksandar
EURUSD long view
Aleksin_Aleksandar
Oil short view
Aleksin_Aleksandar
NZDJPY long view
Aleksin_Aleksandar
GOLD long view, potential channel break
Aleksin_Aleksandar
EURUSD long view
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.