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PetrBorosh

EURUSD at technica resistance @W1

Short
Euro / U.S. Dollar (SAXO:EURUSD)  
PetrBorosh Updated   
SAXO:EURUSD   Euro / U.S. Dollar
Support and Resistance Fibonacci AB=CD
3
0
supportandresistance fibonacci abcdpattern
Price geo to technical resistance cluster:
- 1:1 of the uptrend impulse from 16/03/2020 to 29/12/2020
- 1:1 of the uptrend impulse from 06/03/2023 to today
- FR 0.618 of the dontrend impulse starting 29/12/2020 to 22 Sep 2022
Comment:
EURUSD respected the resistance and contracted to the level of 1.09, where there is a local support. I suppose it will react - most likely next week after Jackson Hole.
No recommendations whatsoever.
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