AFRICAN FOREX ACADEMY

Euro / U.S. Dollar FOREXCOM:EURUSD

mhlongo595

EURUSD after our last analysis broke below the weekly support at 1.18800 as expected.
The price is now moving to the 0.382 Fibonacci level over a weekly structure.
IF the price will break below we can expect further retracement until the 1.16200 area. which is our high liquidity zone
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Keep in mind.

• 🟣 Purple structure -> Monthly structure.
• 🔴 Red structure -> Weekly structure.
• 🔵 Blue structure -> Daily structure.
• 🟡 Yellow structure -> 4h structure.
• ⚫️ Black structure -> >4h structure.

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