quintalytics

EURUSD 4 hour 1.272% Support

FX:EURUSD   Euro / U.S. Dollar
55 0 5
Right now the U.S. Dollar is on the rise, most likely because traders feel the the Federal Reserve will raise interest rates shortly. Looking at the EURUSD             (Euro/US Dollar) daily chart , there is still the large spike candlestick on 11/08/16 from the US Election results as Donald Trump was declared the winner; however, the market was in a downtrend before the election and still remains in a downtrend. There is potential support at the 100% Fib Extension around 1.07133. Should the Quintalytics TrendGuide cross above 0 (zero) look for a potential countertrend/pullback trade.
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