Friday, 8 March 2019

EUR/USD daily

Looking at the daily, when you check on the previous leg down, we saw retracement to the exact 61,8% level following completion of the down move to the 127%. 

This confuence with the weekly 61,8% retracement gives me another clue, that on shorter time frame, we could see a move to the upside.

EUR/USD weekly

Looking from the weekly perspective, we could see a retracement up, since EUR/USD correction of 61,8% have taken place.

EUR/USD long term

Just to remember, on the great scale we're in the down channel.