05 Desember 2019, EUR/USD
Technical Observation
Yesterday, EURUSD could not clearly break and close above the swing high 1,1-950. As I stated yesterday, I expect EUR to rally intensely to the lower side, but should nit go beyond the 61,8% fib level, On its way to the lowerside, the key levels to look for include 23.6% fib level, 38.2% fib level and 50.0% fib level, if the price breaks and closes below these levels including the last level, then a bounce from 61.8% fib level is expected, But on the otherwise, should we see a rise above the highest high 1.10950, then a momentum to the upperside is expected.
Trade Recommendations:
Wait