EURUSD is going to retest the support from Aug 20
Dear followers,
We See that this situation is similar to that one we analyzed yesterday.
We did a great job and took the profits (short 60 pips).
Now, as shown in the chart, EURUSD rebounded to 0.786 Fib retracement.
I think EURUSD is still in the local downtrend. However, please note that we are trading in the uptrend channel from Sep 28.
So, In my opinion, EURUSD will go down and retest the strong support line, and we will watch the movement closely to find out where to go next.
Thank you.
We See that this situation is similar to that one we analyzed yesterday.
We did a great job and took the profits (short 60 pips).
Now, as shown in the chart, EURUSD rebounded to 0.786 Fib retracement.
I think EURUSD is still in the local downtrend. However, please note that we are trading in the uptrend channel from Sep 28.
So, In my opinion, EURUSD will go down and retest the strong support line, and we will watch the movement closely to find out where to go next.
Thank you.
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