EURUSD
has resumed the uptrend since the beginning of the year. It is probable that the pair first will make some kind of relief off the present level because of the last failed attempt to get a new Higher High and Higher Close.
If the pair retraces, I will be watching closely the marked blue area for a bullish signal, why?
- Respected Structure (Minor)
- 61.8% Fibonacci Retracement of the last leg
- 38.8% Fibonacci Retracement of the breakout leg
- 127.2% Fibonacci Extension from the last (small) relief