Three areas labeled in the chart could serve as support for the falling EURUSD.
1). Area around the center of the descending channel.
2). 50.0% Fibonacci Extension
3). 61.8% Fibonacci Extension and round 1.22 level.
I'm still short 3 lots and up +200 pips across them in total. Will keep a close watch as this is a countertrend trade, although trade sentiment has about evened out.
1). Area around the center of the descending channel.
2). 50.0% Fibonacci Extension
3). 61.8% Fibonacci Extension and round 1.22 level.
I'm still short 3 lots and up +200 pips across them in total. Will keep a close watch as this is a countertrend trade, although trade sentiment has about evened out.
