Weekly chart showed a good spike and close through 1.10 and 50SMA. Price reached former highs below 61.8%, showing strong level of resistance.
Break of 61.8% opens higher levels to target 1.12 and 1.13.
First we could see a pullback to retest broken levels, like 50SMA or even 1.10.
ECB meeting this week could create news trends for EURUSD as we wait to see further measure regarding QE and forward guidance.
Please support the idea and share your thoughts on EURUSD!
Good Luck and Stay Healthy!
Break of 61.8% opens higher levels to target 1.12 and 1.13.
First we could see a pullback to retest broken levels, like 50SMA or even 1.10.
ECB meeting this week could create news trends for EURUSD as we wait to see further measure regarding QE and forward guidance.
Please support the idea and share your thoughts on EURUSD!
Good Luck and Stay Healthy!