Euro started to make higher high and higher lows starting from the 7th of march also breaking the previous resistance formed at 1.14180.
Starting from the 20th of Match Sellers stepped in the market with a quiet strong action caused from the FED, ECB interest rates decisions.
Euro now starting a reaction on level 61.8% of Fibonacci Level, if buyers push the price over 50% level ( 1.13159 ) we are looking to buy projecting our target at 1.14316 and Stop Loss placed at 1.112581 giving a RRR of 2:1.
Overall looking for a long term period with an expected holding period between 3-4 weeks
Starting from the 20th of Match Sellers stepped in the market with a quiet strong action caused from the FED, ECB interest rates decisions.
Euro now starting a reaction on level 61.8% of Fibonacci Level, if buyers push the price over 50% level ( 1.13159 ) we are looking to buy projecting our target at 1.14316 and Stop Loss placed at 1.112581 giving a RRR of 2:1.
Overall looking for a long term period with an expected holding period between 3-4 weeks