EUR/USD:BUY From 88.6% FIBO Support Area For A LONG Setup

Long

Euro / U.S. Dollar (FX:EURUSD)

Updated

FX:EURUSD Euro / U.S. Dollar

trendanalysis indicator eurusd eur euro usd containsimage

Despite all the negative reports from the economic news releases the EUR/USD in a Bullish rally continues to show strong inputs to the market and the price today after reaching the 88.6% Fibonacci on the support 1.04500 make a strong bullish candle as a confirmation of the possible continuation of the bullish scenario. Price may continue to grow and our forecast is about a Long setup.

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