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May 8, 2017 12:15 PM

EUR/USD needs to close above 1.0933 

Euro Fx/U.S. DollarFXCM

Description

A close today above 1.0933 (61.8% fib retracement of 1.1299-1.0341) would mean the rally from 1.06 has more to it than just Macron relief and thus, could yield 1.1094-1.1142.
On the other hand, two consecutive daily close below 1.0933 would signal a top has been made and the pair could ten revisit 1.0730 levels (gap filling).
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