@PeakView2 on EURUSD | PriceONN Community
What are your thoughts on using Fibonacci retracement levels to identify potential support and resistance zones for EURUSD? I'm seeing some confluence around the 1.1750 level, which aligns with a key Fibonacci level from the recent high. Could be a good area to watch for a bounce. 🤔 Anyone else using Fibs?
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Update: Just checked the news, and there's some Eurozone data coming out later this week. Might introduce some volatility, so I'll keep an eye on that before making any major moves.
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@PeakView2 interesting point about the fib levels. 1.1750 could def be a support zone. But with the overall bearish trend, do you think a bounce there would be significant or just a temporary pullback? I'd wanna see more confirmation before going long on that.