As I said last weeks...I expect a small withdrawal of 30-40 pips and an extended range and then another strong climb to 1.22400 and even higher to 1.23500
...as I said last week EURUSD is in a range between the 0.236 level and the 0.382 Fibonacci level! next week I will follow the same range until it closes for at least 1 day below these levels! I still think he will retry once again 1.23500 and from there .... DOWN AGAIN at least 700 pips
THIS WEEK.....If we make a parallel between the chart on a week and one month because the month of May closes ...we can see that on the 1 week chart the last 9 candles in circle 1 have a structure identical to the 9 in circle 2 and even if maybe it will make a small rise, EURUSD will go down to close M formed in the last period
On the 1 month chart we notice that it has rejected from the trend line and if the month will close like this ... we still have a strong confirmation of a decrease of at least 300-400 pips
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*This information is not a Financial Advice.
...as I said last week EURUSD is in a range between the 0.236 level and the 0.382 Fibonacci level! next week I will follow the same range until it closes for at least 1 day below these levels! I still think he will retry once again 1.23500 and from there .... DOWN AGAIN at least 700 pips
THIS WEEK.....If we make a parallel between the chart on a week and one month because the month of May closes ...we can see that on the 1 week chart the last 9 candles in circle 1 have a structure identical to the 9 in circle 2 and even if maybe it will make a small rise, EURUSD will go down to close M formed in the last period
On the 1 month chart we notice that it has rejected from the trend line and if the month will close like this ... we still have a strong confirmation of a decrease of at least 300-400 pips
NOTE: Please, give a LIKE if you find this idea useful!
GREAT ATTENTION:
*This information is not a Financial Advice.