EUR/USD 2 Day Analysis

١٩ أكتوبر

Price has been selling off impulsively since it's double top/rejection of 1.1200 in August and September this year. We may start to see a correction now, with a Hammer candle being printed over the last 2 days of trading. Is this a sign of selling exhaustion? Watch the Fibonacci retracement levels as they could act as a target for buyers and an area where sellers come back into play for the next impulse of selling.