EURUSD daily

2 Şub 2020

Moving down to a daily time frame. We can see on a smaller time frame that EURUSD is still in a downtrend. Price is currently retesting the daily 50 ema. I am looking for the touch of the descending trend line for a third tap with the retest of the 61.8% bearish fib. Ideally looking for Price to create a double bottom at 1.10000 with rejections to confirm the end of the downtrend. When prices reaches this area I will re analyse the market to see if price wants to go long.