EUR/USD Found support at the 0.618 fib level. If the pair breaks trough the resistance (previous support - blue box) it will probably continue up towards the 0.5~0.618 fib. level. If the pair reaches that level, we will probably see a little pulback before it will continue higher towards the 1.272 extension. First target still: 1.0730
The pair has broke two major resistance on the daily time frame, see the red circles. We could possible see a retrace towards the .5 / .618 fib level. That would be a nice place to go long. Time will tell. Just an idea! What’s your view? Please comment. https://www.facebook.com/fxinvestments https://foreignexchangeinvestments.wordpress.com
The EURAUD pair is facing the daily trendline support, if the trendline holds it would be a nice entry! Montly resistance: 1.5540/50. First daily resistance 1.5305/90 a break above 1.5400 will bring us possible to 1.57-- and higher! Just an idea! What’s your view? https://www.facebook.com/fxinvestments https://foreignexchangeinvestments.wordpress.com
The pair couldn't break the 193.800 - 194-00 resistance and broke the 192.500 support. It is possible that the pair will move lower towards 189.900-190.00. The pair is still in a uptrend what means that there is a change that it will bouce from the 189.900-190.000 support. Time will tell! Just an idea! What’s your ...