LszlRakonczai

EURUSD forecast

Long
FX:EURUSD   Euro / U.S. Dollar
My last analysis on this pair was right and now EURUSD reached 1.11 support/resistance zone. With this move the price has broke out the H4 chart downtrend line and arrived to 38.2% fibonacci zone. On this level the RSI is high(70%), so i think the price don't break this resistance for first try, so we can wait a little reduction before the breakout. If the breakout will happen the next support/resistance is at fibonacci's 50% (1.116)

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