Euro Usd trend

2017年1月28日

Considering the fundamental events set in motion on the closing day of the week; The Trump executive order; DOW's record performance, it is evident that the American Dollar is in the strong zone hence the contrary for the Euro Usd pair. Yet it has to be time for the technical correction. Many indicators including stochastics reveal that the pair is over sold and is about to make a short term bullish approach. Around 1.076 there seems to be very strong resistance. The Fibonacci ret confirm the pair touching 61.8% and now reversing up. The trend lines shown indicate the window in which the pair would most likely trade. Green and red lines are supports and resistances respectively.