EUR/USD (1.2834)
HEADAWAY TOWARDS 1.3000,,,
(click on the charts for better view)
This is weak it closed at 1.2834 this is the third straight weak that struggled to close above the 1.2834 level. On the consistent basis EUR?USD is trading above the 50% fibo level (see the charts) and now its resisting at 1.2909 which is 61.8% fibo of 1.3687-1.1647. And after the crossing the 1.2909 then it'll face the resistence at 1.2960 and then the next resistence comes at 1.3133/1.3300 and 1.3480. So my minimum target for this pair is at 1.3300 a clean 466 pips from here on. And the support is at 1.2760/1.2725 and the 1.2667 which is the 50% fibo of 1.3687-1.1647. And also its in the proccess of completing the triangle formation.
HEADAWAY TOWARDS 1.3000,,,
(click on the charts for better view)
This is weak it closed at 1.2834 this is the third straight weak that struggled to close above the 1.2834 level. On the consistent basis EUR?USD is trading above the 50% fibo level (see the charts) and now its resisting at 1.2909 which is 61.8% fibo of 1.3687-1.1647. And after the crossing the 1.2909 then it'll face the resistence at 1.2960 and then the next resistence comes at 1.3133/1.3300 and 1.3480. So my minimum target for this pair is at 1.3300 a clean 466 pips from here on. And the support is at 1.2760/1.2725 and the 1.2667 which is the 50% fibo of 1.3687-1.1647. And also its in the proccess of completing the triangle formation.
posted by Naveen Pantera at 4:18 PM
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