On graph Eur/Usd: 1 Week - From 1.60423 (Fibonacci retracement 0.00%) to 1.36999: we have oblique line indicating a major downtrend. - Bothe indicators Stoch and RSI are overbought and moving in direction down: downtrend advised. - In the next time cycle the market show many probabilities to experiment a downtrend time cycle. - We have the confirmation of the downtrend trend with the current market price below a Fibonacci retracement 50.00% (1.34958), formation, and by other hand the current m…
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