On the
daily chart below of the EUR/USD we can see some key factors that could hold
the price down around current levels at D, where the 55 and 200 Exponential
Moving Averages are acting as resistance. A few pips above the D level, we can
see a gray zone that includes the 61.8% Fibonacci retracement of B – C around
the 1.3657 level and the 76.4% around the 1.3674 level. A possible visit to
that zone may show us a change in direction or correction to the downside.
FX markets were relatively calm during European morning of Wednesday, with trading the dollar virtually unchanged against most of its G10 peers, in the absence of major economic releases. The dollar was lower against the only SEK and NZD.
ReplyDeletethanks for the post
ReplyDeleteLet’s see but EURUSD is facing a major resistance ahead.
ReplyDeletethanks for the information
ReplyDeletethank you
ReplyDeleteExcellent analysis! Congratulations for your accuracy.
ReplyDeleteGreat analysis , Thank you.
ReplyDeleteGood view
ReplyDelete