we see on the daily fib that the price is rejected at the 618. there is strong support at the 1.07300 level which also is in line with the extension level of the Fibonacci. we can have some sideways movement around that area. after consolidation, we can expect some bullish action.
with a market SSI of 2.2 at the retail-market, and an outlook of 95% long eurusd trades, we can say that the institutional will push down the EU to the new lows (1.07300)
with a market SSI of 2.2 at the retail-market, and an outlook of 95% long eurusd trades, we can say that the institutional will push down the EU to the new lows (1.07300)