EURUSD Trading Plan 7/12/2018

2018년 7월 13일

EURUSD was rejected b 78.6% retracement of 1.1780 sending
price to the downside. Price is currently at both Monthly
Support and 61.8% retracement of 1.1650. If this 61.58% level
holds and the correction is complete, price will rebound to
the upside with a FIB D1 Extension target -27.00%.

However, a Break of the monthly support zone will argue
that bears are still in control of the market launching price to
its daily timeframe support zone of 1.1570.