From the chart above we can see that 3 Fibonacci Retracement key levels are almost in the same price level. To my perspective this will provide a strong resistance and there's a possibility for the pair to do a pull back targeting 1.2750.
Some Analysts points :
- EUR/USD Gunning for 1.50 (Kathy Lien) - EUR/USD next target at 1.3287 (ProAct Traders) - EUR/USD Consolidation or pullback likely (Chris Capre)
To me this pair may still go ranging around 1.3000 - 1.3200 in short term basis.
Comments
OxfordL
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i found your fibo line drawing method is totally different from mine,,
a17nphotography
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Maybe just because I need to see "where" the price will move, that will decide how I will draw the Fib. from top or from bottom