We will be looking to Sell EURUSD!
The first indicator we used was the Fibonacci Retracement. We can see price has reached the 'Golden Zone' after a Bullish finish to the first week of February.
However, the Stochastic indicator is also pointing towards a sell off. You will notice the market has been extremely overbought.
Lastly, you will notice price broke the descending trend on Friday afternoon, I believe we will see price retrace back to the trend before the market move Bullish.
The first indicator we used was the Fibonacci Retracement. We can see price has reached the 'Golden Zone' after a Bullish finish to the first week of February.
However, the Stochastic indicator is also pointing towards a sell off. You will notice the market has been extremely overbought.
Lastly, you will notice price broke the descending trend on Friday afternoon, I believe we will see price retrace back to the trend before the market move Bullish.