Hi guys!
EURUSD created ascending channel in Daily Chart. It tested 0.786 Fibo level and try to go 1.618 in April.
Downside movement will continue in the next month also.
1.1596 is keypoint here. If EURUSD will be bearish and break this level then we can see more downside movement in the future months.
So, our first targe is 1.1596. Open sell orders from current price now (my current price is 1.1742) and set TP to 1.1596. SL may be 0.786 Fibo level also.
Good luck!
EURUSD created ascending channel in Daily Chart. It tested 0.786 Fibo level and try to go 1.618 in April.
Downside movement will continue in the next month also.
1.1596 is keypoint here. If EURUSD will be bearish and break this level then we can see more downside movement in the future months.
So, our first targe is 1.1596. Open sell orders from current price now (my current price is 1.1742) and set TP to 1.1596. SL may be 0.786 Fibo level also.
Good luck!