Hi
as we can see this pair had shown a Bearish Divergence with MACD which is a sign of reversal and bearish trend to start and fall of Euro which i have specified it with Blue Arrows on MACD and Price
i have used Fibonacci Retracement Tool to forecast its fall and Specified the Fall Depth with a Green TP zone
i have also specified a SL line around 1.25 which is a good enough renege zone and free play space for the upcoming Fluctuations if any
please comment your ideas and opinions
as we can see this pair had shown a Bearish Divergence with MACD which is a sign of reversal and bearish trend to start and fall of Euro which i have specified it with Blue Arrows on MACD and Price
i have used Fibonacci Retracement Tool to forecast its fall and Specified the Fall Depth with a Green TP zone
i have also specified a SL line around 1.25 which is a good enough renege zone and free play space for the upcoming Fluctuations if any
please comment your ideas and opinions
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