eur/usd retracement overdue as a result of sharp downward pressure last week... target 1.27350
retracement overdue as a result of sharp downward pressure...target 1.27350
cci indicating exhaustion of sharp downward pressure. key level established near 94.178
key support and resistance established around 1.28470. slow day for eur/usd probably due to black Friday superstition.
global and astrological fundamentals ( i.e. Cyprus effect, full moon latency) contributes to USD strengthening. key target 1.01145.