EUR/USD:SHORT from 61.8% FIBO POC CYPHER Pattern SELL
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The EUR/USD As explained in the last Idea, actually it's inside a critical area. The price is Struggling at around 61.8% Fibonacci is after a Pullback and rejection on the dynamic trendline and the Volume point of control POC. As we can see, the Stochastic it's in the overbought area and seems ready to have a comeback in the range area as for the RSI also turned bearish after reaching the Overbought area. As you can see we have also detected a Bearish Cypher pattern where the Trigger will be at 78.6% Fibonacci. In case the EUR will raise over 61.8% another area to stop its rally will be this level where the harmonic pattern is placed.
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