Great opportunity here to long Euro
-Bull trend
-Really strong level of support here at the 0.5 fib retracement
-This area is also a previous support level on a number occasions if you look left
-Stops just below the 0.618 retracement
-Two tweezer tops/spinning tops here where price action is now
-This usually means consolidation for a move and I think potential to the upside
-For this to fall to the downside we would also have to break major weekly resistance of 1.1000
-ABCD structure possible in play here to.
Have a great week!!!!!
-Bull trend
-Really strong level of support here at the 0.5 fib retracement
-This area is also a previous support level on a number occasions if you look left
-Stops just below the 0.618 retracement
-Two tweezer tops/spinning tops here where price action is now
-This usually means consolidation for a move and I think potential to the upside
-For this to fall to the downside we would also have to break major weekly resistance of 1.1000
-ABCD structure possible in play here to.
Have a great week!!!!!
Valid trade setup if we held....no problem on to the next one.