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TheActveTrader
Mar 11, 2020 11:30 AM

EURUSD in an imminent pullback 

Euro Fx/U.S. DollarFXCM

Description

After an impulsive move higher in the last few weeks the EURUSD looks to be in the midst of a pullback. The 1.1230-50 level looks to be strong support as this was the breakout point as well as the 61.8% Fibonacci retracement of the lows near the 200dma to highs which come in at the 1.1249 level as well and 38.2% retracement from the most recent low. If this level doesn't hold, next support level will come at 1.115 which is also an area with 2 fib levels
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