After a bearish week, The EURUSD is doing a retracement to keep with the uptrend? or Are we seeing the end of the 2017 bullish trend? also the US Dollar Index won strength las week, so... who knows. My recomendation is to WAIT until the market defines the consolidation of the uptrend, or the price breaks below the previous low.
At the same time we are finding a good opportunity to buy with a 3:1 risk and reward ratio at the 0.382 Fibonacci level wich is also a demand zone.
Entry: 1.22526
Target: 1.25139
Stop Loss: 1.21626
At the same time we are finding a good opportunity to buy with a 3:1 risk and reward ratio at the 0.382 Fibonacci level wich is also a demand zone.
Entry: 1.22526
Target: 1.25139
Stop Loss: 1.21626