alanposner

The Euro is rising to resistance

FX:EURUSD   Euro Fx/U.S. Dollar
184 0 0
The Euro             is rising to resistance but breaching the $1.2675 level on the daily chart will be difficult. This is resistance from the consolidation of June and the 50% Fibonacci retracement from the May 1st high. I will be watching the price and the MACD to see if momentum shifts soon to the downside.

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