Buy a break above 50.0% fib level. | 26 December 2019
26 December 2019, EUR/USD
Technical Observation
Few days ago, Eurusd rallied to the lower side and even went below the 50.0 % fib level. Perfectly as previously forecasted, the pair could not close below 61.8% fib l;evel. And while this is true that the price is contained above 61.8% fib level, we expect nothing but a possible momentum to the upperside. We are basically waiting for a break above 50.0% fib level to confirm that we are upwards towards 23.6% fib level and could continue much higher towards the nest level 1.1175.
Trade Recommendations:
Buy a break above 50.0% fib level.
The author's opinion reflects their personal view and is not an investment recommendation. The company is not responsible for any trading results based on the provided analytical data.
