These are my projections based on the level 1 formed on EURUSD.
Please confirm each move with your analysis. Share your thoughts. Thank you.
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The fib retracement was a mistake. I must moved it with when trying to put the arrows in place. The lower end should start from 1.08043
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If you are on this trade with me, please close now. Its either a retracement or price reversal, eitherway we can find a better entry. This is just an advice.
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LVL 2 on this projection achieved, retracement about to begin
I think EU should break the support nd head to the down side
SwingingPrime
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@Rudethug, I thought so too, I was previously on a sell. However, Price closed on the 50%fib (golden zone) retracement on friday from a strong move up; that rejected the monthly support and broke the top of the wedge (from last swing high). I am very biased uptrend right now. Moreover, the USD is weaker at the moment