Bulls are obviously dealing with a very strong and angry bear! But I think bulls may get some relief soon. If you look to your left on the image below, you will see a possible retracement area at 20050 - 19841 (see red lines). It just so happens that this is also at the 38.2 fib level. I will be looking for a selling opportunity around here.
If you are a bull, then take caution! Bears are clearly in control! And it is likely bears will eventually drive the price down to the demand zone at 18051 - 17041 (see green lines to your right on image below). I will be looking for a buying opportunity around here.
EURUSD 6 HR Chart and 5 Day Chart
If you are a bull, then take caution! Bears are clearly in control! And it is likely bears will eventually drive the price down to the demand zone at 18051 - 17041 (see green lines to your right on image below). I will be looking for a buying opportunity around here.
EURUSD 6 HR Chart and 5 Day Chart
Learn from your mistakes and march on.
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