EURUSD ANALYSIS
Price is yet inside the long channel holding since 2018, we've had price touches the upper bound of the channel severally with rejections. We've this BEARISH FLAG on the 4H/1H chart with a 61.8% Fibonacci retracement inside the FLAG.
I will be looking out for the retest of the 61.8% Fibonacci at 1.1320, if we can see a 4H rejection candle in the zone for possible short opportunity and target will be at the next zone at 1.1180 as long term target and next level of support.
While a break above the 1.1350 and retest holding will set price higher.
I will be looking out for the retest of the 61.8% Fibonacci at 1.1320, if we can see a 4H rejection candle in the zone for possible short opportunity and target will be at the next zone at 1.1180 as long term target and next level of support.
While a break above the 1.1350 and retest holding will set price higher.
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