EURUSD was SOLD OFF last week touching a 4 month LOW around 1.14317 !
Currently the price is trying to retrace but understanding the pair is very much on a downward trend.
Using the FIB tool , price is expected to touch 50% level of the FIB (as seen on the CHART) before a continuation in its downward move.
POSSIBLE MARKET MOVES
An unsupported level has been formed @1.14317 and a weak support point @1.14855.
As said earlier, we expect a break in the WEAK SUPPORT level to 50% level of the fib before a rest.
NOTE: Take every risk management measure !
Currently the price is trying to retrace but understanding the pair is very much on a downward trend.
Using the FIB tool , price is expected to touch 50% level of the FIB (as seen on the CHART) before a continuation in its downward move.
POSSIBLE MARKET MOVES
An unsupported level has been formed @1.14317 and a weak support point @1.14855.
As said earlier, we expect a break in the WEAK SUPPORT level to 50% level of the fib before a rest.
NOTE: Take every risk management measure !