EURUSD continues to extend its losses after closing at 1.2176 lat week.
Candles continue to remain at the bottom of the trend channel at Fibonacci extension 161.8% at 1.2197. Candles are expected to retrace before a continuation of downtrend occurs.
Candles were observed to resist at 1.2218 before falling and now are supported at 1.2168.
Trend Direction |
S3 |
S2 |
S1 |
R1 |
R2 |
R3 |
Entry |
Stop Loss |
Exit |
| Bullish in the short run/ Bearish in the long run | 1.2084 | 1.2168 | 1.2218 | 1.2260 | 1.2380 |