Long Term (weekly) EURUSD Fibo Overview
Two Fibonaci, one is downtrend retracing to 0.618 after breaking key resistance @1.34839
and one is uptrend targeting -0.618 and currently facing resistance @-0.382 and moving in a Channel
Closed with 112.5pips profit @1.3670
Rejoined long @1.3654 Close with 41.6pips profit @ 1.36956
Done for the week, will wait for the market to reach 0.618 next week and then decide Join the main down trend or wait longer.
and one is uptrend targeting -0.618 and currently facing resistance @-0.382 and moving in a Channel
Closed with 112.5pips profit @1.3670
Rejoined long @1.3654 Close with 41.6pips profit @ 1.36956
Done for the week, will wait for the market to reach 0.618 next week and then decide Join the main down trend or wait longer.
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