Eur/Usd Update! A New Higher Low Expected
Although price broke to the upside of that wedge pattern... we can predict where these retracements will happen if we use Fib Retracement levels.
If you look at the line chart of this trend, you can see that price is respecting the Fib retracement levels as the last pullback bounced off of one of these levels!
This is evidence that Fib Retracements will work with this trend that we are seeing now!
If you look at the line chart of this trend, you can see that price is respecting the Fib retracement levels as the last pullback bounced off of one of these levels!
This is evidence that Fib Retracements will work with this trend that we are seeing now!
Uwaga
If you draw a trendline at the bottom of this line chart , you will see that the trendline would line up perfect with the price to the .382 fib level!
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