EUR/USD, correction first, drop second

18 באוג׳ 2021

The price is super bearish for EUR/USD. A dramatic fall yesterday proved that the bears have the full control of the situation. But before falling even deeper down, some corrections are needed. Therefore, we are first buying and aiming for the previous support turned resistance, which aligns with 0.5 fib retracement level. Afterwards, we will sell from that area and aim for the downside!

Happy trading, family!