KN_FXtrader

EUR/USD Technical Analysis

FX:EURUSD   Euro/U.S. Dollar
In daily chart the price seems to be moving in a downtrend channel . Now has started its retracement. In my opninion, we should wait to see if the price reach the level of 1.0900 and then, we should see the reaction of the price. If the price goes above the level one of fibonacci expansion (1.0921-green cyrcle) then a possible target might be the 1.10000. On the other side if the price move down again the resistance are 1.8362, 1.8193, 1.8000 and then the 0.618 level of fib expansion - 1.07725.
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