Good Morning,
The UK election has put the Euro in a temporary bearish trend (short term), expecting a reversal via EUR/USD near 1.11488 level. This level was chosen given it was in confluence with not only Fibonacci extension, yet previous structure lows of historic data. Should price close above trend line, look for a throw back (or retest of trend line) to go long.
Thank you,
Trade Wisely
The UK election has put the Euro in a temporary bearish trend (short term), expecting a reversal via EUR/USD near 1.11488 level. This level was chosen given it was in confluence with not only Fibonacci extension, yet previous structure lows of historic data. Should price close above trend line, look for a throw back (or retest of trend line) to go long.
Thank you,
Trade Wisely
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