EUR/USD could not continue to grow

2 min read

Hi traders,

The EUR / USD currency pair could not continue to grow from the ascending triangle and at the moment it can continue the downward movement.

Today, the best solution would be to wait for the price in the zone 1.1026-1.1015 and there already look closely at the deal on Buy.

Why buy from this zone?

  1. The downtrend that is going inside the channel is broken.
  2. The price has strayed from the lower border of the channel with D1 and I assume that the price may continue to rise to the upper border of the channel.
  3. If you stretch the Fibonacci lines to the entire pulse on the H4 timeframe, you can see that the zone 1.1026-1.1015 coincides with the Fibonacci level of 50%. Yes, now we are stuck at 61.8, but I assume that the price may be lowered even lower.

Good trading,
Yaroslav Mudryi.

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