Will the EURO breach the 0.5 fib or will it is there a rejection at play?
From the bearish divergence on the RSI the odds looks more in favor of a rejection.
After a swing failure a breach of the 0.5 and retesting higher resistance levels seems probable,
given the fact that both economic markets are somewhat indecisive we keep going sideways around the middle...
*DISCLAIMER* This idea is only for the purpose of sharing ideas -> NOT investment advice,
any feedback from aspiring traders and experts are more than welcome.
Always keep in mind not to enter a trade to soon and remember to take profit along the way.
Stay safe, stay profitable & may the odds be forever in your favor ^^
From the bearish divergence on the RSI the odds looks more in favor of a rejection.
After a swing failure a breach of the 0.5 and retesting higher resistance levels seems probable,
given the fact that both economic markets are somewhat indecisive we keep going sideways around the middle...
*DISCLAIMER* This idea is only for the purpose of sharing ideas -> NOT investment advice,
any feedback from aspiring traders and experts are more than welcome.
Always keep in mind not to enter a trade to soon and remember to take profit along the way.
Stay safe, stay profitable & may the odds be forever in your favor ^^