EURUSD is trading near its resistance zone . Also, it is trading at 62% Fibonacci retracement levels, which will be a crucial level for EURUSD . Considering the chart pattern and important price levels we think, we might see consolidation to downside in EURUSD pair. Trade can be initiated for the short side with a trend as consolidation to the downside with proper risk management and stop loss.

Thanks

Vivek_Samale
Vivek_Samale

I have half a decade of experience as a trader and enthusiastically learning & developing new strategies in algorithm trading & also analyzing the companies with New ESG method.