EURUSD - V pattern + support zone at 0.382 of Fib.
EURUSD showed a clear V pattern ( bullish market reaction after a drop) a few days ago.
After the breakout of the last resistance turned now support, we can expect a retest of the 0.382 level of the Fibonacci retracement tool.
If the support rejects the price action, we could target the next monthly resistance level around 1.17
After the breakout of the last resistance turned now support, we can expect a retest of the 0.382 level of the Fibonacci retracement tool.
If the support rejects the price action, we could target the next monthly resistance level around 1.17
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