Several factors pointing to potential bearish directional turn for EURUSD:
- Fibonacci cluster zone with 127.2 ext., 61.8 retr., 161.8 proj.
- High volume node retest as resistance
- retest of Weekly Supply zone dating back to 2014
- short term supply zone from 2/06/18
Looking for a higher risk reward on this trade with risk above 1.2440 and targeting 1.2080
- Fibonacci cluster zone with 127.2 ext., 61.8 retr., 161.8 proj.
- High volume node retest as resistance
- retest of Weekly Supply zone dating back to 2014
- short term supply zone from 2/06/18
Looking for a higher risk reward on this trade with risk above 1.2440 and targeting 1.2080