EUR/USD ; BRIEF

eurusdsupport

Current rate – 1.08160 

 

As we seen on the sixty minutes chart above, the consolidation is confirmed, we have three top point’s and the EU is at 38.20% fibb level. Where we can located the Daily support which is the important line for the EU now (located at 1.0815 ) it already test it the support line and now we’re expecting an upside movement almost to 1.10 approximately.

There at the high point 1.10 app. we can expect a correction before the next move.

Just to mention the market’s are volatile and a bit wider stop can be only in our favor to anticipate in the move.

M.Magnolia 

Advertisements