@emilyking28 on EURUSD | PriceONN Community

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emilyking28 PRO newbie
EURUSD Feb 17
I'm analyzing potential entry points based on Fibonacci retracement levels. The 38.2% retracement of the recent downtrend aligns closely with the R1 pivot point at 1.18411. A decisive break above this level could signal a short-term bullish reversal, but I'm awaiting confirmation from the MACD indicator.
EURUSD

Replies (1)

jack7578
jack7578 PRO newbie Mar 1
@emilyking28 Interesting take on the Fib retracement aligning with R1. I'm watching that 1.1840 area closely myself. MACD confirmation is key, good call. I'm also curious how the Iran situation will affect it.
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