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The euro is facing an important level, the 1.212 area. We can see that it is in confluence with the Fib speed and the downward trend line that have been forming since the beginning of 2021. Furthermore, if we look at the DXY, we can see that it might go back to the upside this week or the next one (technical wise).
However, the EURO looks bullish on the short term, so entering a short with a tight SL is recommended.
What do you think?
Good luck traders,
NajjarTrading
The euro is facing an important level, the 1.212 area. We can see that it is in confluence with the Fib speed and the downward trend line that have been forming since the beginning of 2021. Furthermore, if we look at the DXY, we can see that it might go back to the upside this week or the next one (technical wise).
However, the EURO looks bullish on the short term, so entering a short with a tight SL is recommended.
What do you think?
Good luck traders,
NajjarTrading
Kommentera:
First target 1.195 then 1.185 then we will see how the market reacts
