Assessment of the market situation - EURUSD. In my technical analysis, I use the previous daily candle as a basis. I draw Fibonacci level 100 (1.08856) on the Daily HIGH, set another end of the grid at 0 (1.08127) on the Daily LOW, and get a clear picture. Everything is ready to forecast market movement using this excellent and precise tool. The simpler the approach to assessing movement and the cleaner the chart, the less confusion in trading. The current price is at 1.08860 in the area between 100 (1.08856) and 150 (1.09220). Its position forms bullish grounds for buying because the HIGH-1.08856 of the previous day's candle has been broken. This is the influence of buyers showing significant interest at the 176.4 level (1.09413). At this level, the market will lose its bullish agility, and a reversal is possible. I will join the buying until the level 176.4 (1.09413).
