On the EUR/USD daily chart, there is the long-awaited correction towards the downtrend.
We can consider the surge in quotes in the course of the trading session on November 9 as the market noise; the extent of the rollback can be measured with the Fibonacci retracement levels.
Nearest resistance levels are located at 1,0757-1,077 and 1,083.
On the EUR/USD hourly chart, for the development of counter-attack in the direction of the 113% target in the “Shark” reversal pattern, “bulls” should test the current resistance at 1.0665. If they fail to do so, there can be the restoration of the downtrend.
Recommendations:
SELL 1,077 SL 1,0825 TP1 1,04 TP2 1,022
SELL 1,083 SL 1,0885 TP1 1,04 TP2 1,022.
Origin: FX BAZOOKA
