⚡️ The price felled below the 50% Fibonacci and 123.00 key psychological level
⚡️ And the previous price action level was broken and felled below the support level
⚡️ Risk sentiment is remain negative and in Asian session it has make a long bearish candle in 1hr timeframe
⚡️ The price is well below the 03 EMA's and the Ichimoku cloud is pointing towards south
⚡️ RSI is felled below the 50 level reaching towards 30 we can expect minor rebound from this level but EURPY is trading in a downtrend
⚡️ At current level we can see a clear bearish structure.
⚡️ At 11.30 GMT ECB president Miss.Lagarde going to deliver a speech we are expecting that ECB will make a concern about recent appreciation of EURO. And the worrying about recent surge in corona virus
⚡️ The next key resistance level would be 121.00 and a potential level for trend reversal
⚡️ In Elliot wave principal The second wave i already completed and The 3rd wave is underway
Pivot points-H4
R3 123.25
R2 123.07
R1 122.75
PP 122.57
S1 122.25
S2 122.07
S3 121.75
Please give us a thumbs up if u like our work and do follow us so that you can get a regular update about upcoming setups and ideas
⚡️ And the previous price action level was broken and felled below the support level
⚡️ Risk sentiment is remain negative and in Asian session it has make a long bearish candle in 1hr timeframe
⚡️ The price is well below the 03 EMA's and the Ichimoku cloud is pointing towards south
⚡️ RSI is felled below the 50 level reaching towards 30 we can expect minor rebound from this level but EURPY is trading in a downtrend
⚡️ At current level we can see a clear bearish structure.
⚡️ At 11.30 GMT ECB president Miss.Lagarde going to deliver a speech we are expecting that ECB will make a concern about recent appreciation of EURO. And the worrying about recent surge in corona virus
⚡️ The next key resistance level would be 121.00 and a potential level for trend reversal
⚡️ In Elliot wave principal The second wave i already completed and The 3rd wave is underway
Pivot points-H4
R3 123.25
R2 123.07
R1 122.75
PP 122.57
S1 122.25
S2 122.07
S3 121.75
Please give us a thumbs up if u like our work and do follow us so that you can get a regular update about upcoming setups and ideas
