The EURUSD pair broke upwards aggressively following Wednesday's Fed Rate Decision and is most likely going for a market Top test before a 2026 Bear Cycle.
Until then, similarities within the 5-month Channel Up between the current price action and August's fractal, suggest that we may have entered a consolidation phase before the final Leg upwards.
As a result, we are targeting the 1D MA50 (blue trend-line) and 0.786 Fibonacci Support Zone at 1.16100.
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Until then, similarities within the 5-month Channel Up between the current price action and August's fractal, suggest that we may have entered a consolidation phase before the final Leg upwards.
As a result, we are targeting the 1D MA50 (blue trend-line) and 0.786 Fibonacci Support Zone at 1.16100.
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** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support us, keep the content here free and allow the idea to reach as many people as possible. **
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I trade Crypto, Forex, Indices & Commodities on PrimeXBT — all from one account with TradingView charts 👉 tradingshot.short.gy/PrimeXBT
I also use TradeNation for fixed spreads & zero commission 👉 tradingshot.short.gy/Tradenation
I also use TradeNation for fixed spreads & zero commission 👉 tradingshot.short.gy/Tradenation
Pernyataan Penyangkalan
Informasi dan publikasi ini tidak dimaksudkan, dan bukan merupakan, saran atau rekomendasi keuangan, investasi, trading, atau jenis lainnya yang diberikan atau didukung oleh TradingView. Baca selengkapnya di Ketentuan Penggunaan.