After a bad US Data EU indeed shoot up perforating the high of September. Prices doesn't move in a straight manner. Pullbacks are expected to happen and I see one coming on the 2 possible price areas.
1. The stalling that had happened on the 50-price level and it sits near the .38 Fib retracement.
2. The stalling that had happened on the 1.20500 level (50-level) which also sits on the .618 Fib retracement.
My plan for this pair is to short the pullbacks and once it hits the buy zone, will reverse for the long run.
1. The stalling that had happened on the 50-price level and it sits near the .38 Fib retracement.
2. The stalling that had happened on the 1.20500 level (50-level) which also sits on the .618 Fib retracement.
My plan for this pair is to short the pullbacks and once it hits the buy zone, will reverse for the long run.