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germanbel
Feb 25, 2018 1:04 PM

EURUSD: Consolidating to continue going up? 

Euro Fx/U.S. DollarFXCM

Description

I share my forecast.

As you can see in the graph price made a good suppot at 1,22051 and went up to 1,25554 from where it begun to correct down to 1,22592.
If we draw a fib retracement we see price is consolidating below fib level 61,8

If 61,8 holds price may break resistance 1,2455 in order to make a higher high above 1,25554.

Remember to do your homework and take your own decisions.
THIS IS NOT AN INVESTMENT ADVICE.

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