BuskEvansFX

Short EURO/USD FIB Retracement, Fundamentals and Supply/Resist

Short
FX:EURUSD   Euro / U.S. Dollar
40 views
0
We believe that the trade of the week will be setup tomorrow as the Euro embraces the US holidays to climb higher into the 1.07000 Level. Price has been using the 100 EMA which looks as if its going to converge around this level.

An old support level , then resistance level looks as those large option expiries also eleviate this level. RanSquawk noting 2bln cash flow options.

A Fibonacci retracement can also be used from November high to November low which shows 1.06797 as the 61.8 Fib retracement.

Trend Continuation lets see if price gets up there...

Comments

Home Stock Screener Forex Screener Crypto Screener Economic Calendar How It Works Chart Features Pricing Refer a friend House Rules Help Center Website & Broker Solutions Widgets Charting Solutions Lightweight Charting Library Blog & News Twitter
Profile Profile Settings Account and Billing Referred friends Coins My Support Tickets Help Center Ideas Published Followers Following Private Messages Chat Sign Out