Still, the sellers are strong. I wouldn't be surprised if it goes below for another 50 pips. There is already a buy running @1.1600. I'll wait till 1.1560 or below, but i wouldn't wait below 1.1550. I think there will be a good dodgy candle with atleast 10 - 15 pips before the pullback.
I'm not expecting the pullback would be very strong to reach 1.17 or 1.1730. Market already touched 1.1690, it just another 20 pips to 1.17, for that i dont think it will travel all the way to just test 1.17. But for sure it will go and retest 1.1660. From that point on wards i'd be very cautious in buying the Euro. I'll make my move based on the candles movement over the price. It will take a very big candle to cross 1.1690 to 1.17 territory.
On both daily and weekly fib retracement levels suggesting it will hit 1.1300.
On 4hrs fib levels, many candle sticks body crossed the 23% but there wasn't any candle body formed on 38%,only tails. A good price retracement should leave a well formed body.
I'll wait some more time and put my buy the next strong SnR level is 1.1560 to the target of 1.1660.
I'm not expecting the pullback would be very strong to reach 1.17 or 1.1730. Market already touched 1.1690, it just another 20 pips to 1.17, for that i dont think it will travel all the way to just test 1.17. But for sure it will go and retest 1.1660. From that point on wards i'd be very cautious in buying the Euro. I'll make my move based on the candles movement over the price. It will take a very big candle to cross 1.1690 to 1.17 territory.
On both daily and weekly fib retracement levels suggesting it will hit 1.1300.
On 4hrs fib levels, many candle sticks body crossed the 23% but there wasn't any candle body formed on 38%,only tails. A good price retracement should leave a well formed body.
I'll wait some more time and put my buy the next strong SnR level is 1.1560 to the target of 1.1660.
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