EUR use long, headed towards 61,8 fib on daily.
reasons to go long:
Monthly rejection of 61.8 fib ( monthly tf )
Weekly rejection of 61.8 and structure created
Daily:
Break of bearish trend line ending first leg of downtrend swing, now heading towards 61.8 retracement which is previous consolidation area
After the 61.8 is hit 2nd leg towards -61.8 is assumable.
It will be a retest of structure, with at the bottom of the structure the filling of the gap of April 20th of 2017 which is still unfilled.
reasons to go long:
Monthly rejection of 61.8 fib ( monthly tf )
Weekly rejection of 61.8 and structure created
Daily:
Break of bearish trend line ending first leg of downtrend swing, now heading towards 61.8 retracement which is previous consolidation area
After the 61.8 is hit 2nd leg towards -61.8 is assumable.
It will be a retest of structure, with at the bottom of the structure the filling of the gap of April 20th of 2017 which is still unfilled.