EUR/USD:
The EUR/USD D1 chart shows that after the Fibonacci backtest price hit the 0.5 level, the upside started to be limited. And the trend is still in a downward state, so if you are still short, you can continue to hold short orders. The price will be in a consolidation phase in a short period of time. But it cannot be denied that there is a possibility that the trend will reverse.
The H4 chart has formed an ascending triangle, and the current price has touched the bottom of the ascending triangle, so it can be judged that the current price has been supported and can be slightly bullish.
Order suggestion:
Short-term can be slightly bullish, long-term needs to pay attention to whether the price breaks above the triangle, or falls below the triangle.
All transactions involve risks, the above analysis is for reference only. When placing an order, be sure to set the lot size and remember to set the stop loss.
