EURUSD Overview week commencing on 13th Dec. 2021
Weekly Chart - broke a previous level of support weeks ago, last couple weeks there has been quite a bit of indecision, something to look out for (could we see a weekly retracement?)
https://www.tradingview.com/x/rOdRZDxg/
Daily Chart - downtrend, previous daily candle bullish momentum (not major)
https://www.tradingview.com/x/KhdKdhXP/
H4 Chart - downtrend, retraced to 38.2% rejection, however hasn't really come down much after rejecting (it's normally a more aggressive rejection from the 38.2% level), potential indication that retracement not over yet
https://www.tradingview.com/x/BsOg7GNL/
30m Chart - bullish trend initiated as created HH and HL, retraced 100% so expecting -27 fib level as TP, currently looking for an opportunity to join this move.
https://www.tradingview.com/x/U2PePtee/
https://www.tradingview.com/x/rOdRZDxg/
Daily Chart - downtrend, previous daily candle bullish momentum (not major)
https://www.tradingview.com/x/KhdKdhXP/
H4 Chart - downtrend, retraced to 38.2% rejection, however hasn't really come down much after rejecting (it's normally a more aggressive rejection from the 38.2% level), potential indication that retracement not over yet
https://www.tradingview.com/x/BsOg7GNL/
30m Chart - bullish trend initiated as created HH and HL, retraced 100% so expecting -27 fib level as TP, currently looking for an opportunity to join this move.
https://www.tradingview.com/x/U2PePtee/
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