EUR/USD:SELL From 78.6% FIBO Wedge Pattern for a SHORT setup
EUR/USD yesterday had a strong move upward after the USD news release and as you can see the price today reached the 78.6% FIBO level crucial to understand if the price it's at the beginning of a changing trend or will continue to fall in the direction of the main one. Meanwhile, the price created also a bearish wedge pattern of continuation and the RSI is in the overbought area, these combinations of all these clues let's think about a new possible push-down in the direction of the main trend.
Yorum:
