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Based on the charts I see EurUsd retreating down once more before a rise
If we look at the weekly chart we see that the pair is still to retrace back up from its weekly move down from 1.40
Pair has not touched - even - 38.2% retracement yet at 1.18 area, and should eventually reach 50, or 61.8% (at least)
This is normal retracement for EurUsd - at least 50% before any intended move lower
And if the low is in place - then 1.40 will be taken out eventually..
On the weekly chart we also see a upwar…
If we look at the weekly chart we see that the pair is still to retrace back up from its weekly move down from 1.40
Pair has not touched - even - 38.2% retracement yet at 1.18 area, and should eventually reach 50, or 61.8% (at least)
This is normal retracement for EurUsd - at least 50% before any intended move lower
And if the low is in place - then 1.40 will be taken out eventually..
On the weekly chart we also see a upwar…