Yesterday
we analyzed the possible bounce to the downside on the EUR/USD from the Fibo confluence
around the 1.3652 level and the combination of the 55 and 200 EMAs on the daily
chart. Today we can see on the 4 hour chart below that even though the price
did no touch exactly the 1.3652 level, it did bounce to the downside from that
zone. We did not expect the drop to be so significant, but it is trying to
reach it last low at the 1.3580 level. Let’s see how further down it can keep
dropping.
i agree with you i expect we will see more drop on the price
ReplyDeletemaybe so
ReplyDeleteThanks for such an informative analysis.
ReplyDeleteGreat analysis. Thank you
ReplyDeleteuseful information thank you
ReplyDeleteAlthough yesterday session looks like a panic sell-off on EURUSD, the market is still trading in the middle of its one month range so trading conditions are being controlled. The situation in Portugal should be watched closely by traders to determine whether this is an isolated incident, or something that could spread to other nations.
ReplyDeleteThe Dollar traded mixed against its counterparts form the G10 during the European morning Thursday. Was higher against the AUD and GBP, in this order, while lower against the JPY and SEK. The greenback was almost unchanged against CAD, NZD, EUR, CHF, and NOK.
ReplyDeleteVolatility is coming back
ReplyDelete