In summary , price is in downtrend and looks mean reverting to wkly.
Keep selling retraces , price likely go down to 1.1416 or even 1.1345
Keep selling retraces , price likely go down to 1.1416 or even 1.1345
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DislikedThe only thing going against this might be fundamentals, and that nothing has materially changedIgnored
Disliked{quote} I agree and have to repeat that there is too much code in institutions, that use libraries that are based on Fibo. Clear to see when you analyse charts. Just one problem remains: in which direction will the levels be hit? In your D1 example, this Friday could have used the 100%-78.6% as well. Especially after the green candle from Thursday. Anyway, here is the weekly: {image}The trend channel has been left and the candle closed outside. And now? Will it return back into the channel or is this the trend change?Ignored
Disliked{quote} Another war threat at the gates of Europe: when the guns are roaring, the USD rises. And as Europe will be involved again (more refugees) this is not a good sign for the EUR. Expecting a sharp drop if things will not be cleared until this evening...Ignored
DislikedIn summary , price is in downtrend and looks mean reverting to wkly. Keep selling retraces , price likely go down to 1.1416 or even 1.1345Ignored
I hope it helps
Stay Green
DislikedBulls ist hurdle 1.1636, 2nd - 1.1651. If we see 4hrs closes above 1.1651, then it'll pull back from resistance 1.1674.Ignored