# Daily Forex Analysis :

## Currency : EUR/USD

As you can see from the below chart after breaking up the triangle formation, I traced the fibonnaci retracement levels as it is starting to bounce back.

So after touching at 1.21979 at the lowest point, it bounced back to rebound and touch the 23.6% Fib level at 1.22335 if it crosses it than you can see price rising upto the 38.2% fib level, and a price lowering after it.

If it bounced back before the 23.6% fib level than it will go below the original lowest of 1.21979 


![](https://steemitimages.com/DQmW8QSHFWxiAXmi9qJyZNeZoWPKNS8JkAFq4fmghR1YKYk/image.png)


### Chart details :-
Candlesticks : Hekien Ashi
Time frame : H1
MA : 14 , 20 , 100