rauan
Long

EURUSD 1.0580 to 1.0670

FX_IDC:EURUSD   EURO / US DOLLAR
Recent decline of EURUSD             after testing static resistance area 1.0790-1.0815 from 13.Nov has developed in narrowing triangle format. Today pair has tested and retraced from its lower line at 1.0570.
First resistance for EURUSD             is marked with dark blue lines from 30. Oct             and 13.Nov highs, at 1.0670 and 1.0690. After being tested, EURUSD             price may continue moving in current price range back to 1.0560 or break this dynamic resistance. Close above 1.0690 would signal buy EURUSD             targeting 1.0790.
1.0790 is confirmed as resistance with 23,6% Fibo correction level to descending wave 1.1495-1.0565.
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