EUR/USD Bounce Continuing
EUR/USD is now more than a couple hundred pips off of last week's low, which was marked by the Fibonacci level at the 1.0200 handle. The pair retains breakout potential and as of this writing, it's been higher-lows every day since that 1.0200 test a week and a half ago.
The big zone overhead is the support that was sliced through in December and that can be tracked from the psychological level at 1.0500 up to the 1.0611 Fibonacci level, which is the 38.2% retracement of the same major move that produced the 23.6% marker at 1.0200. - js
The big zone overhead is the support that was sliced through in December and that can be tracked from the psychological level at 1.0500 up to the 1.0611 Fibonacci level, which is the 38.2% retracement of the same major move that produced the 23.6% marker at 1.0200. - js
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