From TradingView · · 40s
EUR/USD Daily Market Update
EUR/USD breaks weekly low, targeting 0.20, 0.30 Fibonacci levels for Friday's bullish shift.
In brief
EUR/USD breaks weekly low, targeting 0.20, 0.30 Fibonacci levels for Friday's bullish shift. EUR/USD drops below weekly low, aiming for 0.20, 0.30 Fibonacci retracement levels on Friday for potential market structure shift. Originally reported by TradingView.
EUR/USD Trend Analysis
EUR/USD has been in a clear bearish trend since Tuesday, losing more than 200 pips.
Weekly Low Break
Price broke the Weekly Low, taking out significant sellside liquidity.
Friday Focus
Key focus for Friday: today's daily candle close, potential bullish market structure shift, long entry confirmation from today's low, and fibonacci targets at 0.20, 0.30.
What matters most
EUR/USD drops below weekly low, aiming for 0.20, 0.30 Fibonacci retracement levels on Friday for potential market structure shift.
