EURUSD is getting rejected on the 0.618 Fibonacci retracement level of the 14 month consolidation range for 4 straight sessions.
This is bearish enough on its own, but it is also the symmetrical level where the price got rejected on June 22nd 2023 to marginally under the 0.5 Fib.
The 1day RSI patterns between then and now are very similar.
Sell and target 1.08500 (0.5 Fib).
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This is bearish enough on its own, but it is also the symmetrical level where the price got rejected on June 22nd 2023 to marginally under the 0.5 Fib.
The 1day RSI patterns between then and now are very similar.
Sell and target 1.08500 (0.5 Fib).
Follow us, like the idea and leave a comment below!!
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