Profit taking setting up for possible next uptick on EURUSD
We have a recent uptrend in EURUSD and currently seeing a natural retracement (pullback). If we can see some support at 1.3850 and the market climb back about the 1.3865 we could see a climb all the way to the 1.3915 level which is the 1.618 Extension on this current uptrend.
However, if we see the market drop a little, we could see further decline, at least until it reaches 1.3840 which is the .382 retracement
However, if we see the market drop a little, we could see further decline, at least until it reaches 1.3840 which is the .382 retracement
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