landofand

Support for short-term EUR/USD correction

Long
FX:EURUSD   Euro / U.S. Dollar
0
potential resistance at 1.29, which is 61.8 retracement of this last upswing. if it breaks through the 1.29 figure then we should see support around 1.28 which is slightly above the 38.2 retracement of the major move which started around the end of July.

Even though we might see a near term increase in eur/usd , do not forget to look at the long term trend which points eur/usd lower

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