EUR/USD ; DAILY CHART

eurusdpatern

 

Current rate – 1.10617    (%change)  – (-0.59%)

Day range – 1.1055  /  1.1135

As we seen on the chart above EUR/USD  is sliding slightly down from 78.40% fib level to 50.00% fib level with barely break in the recent level which is the 50% fib as we said, meanwhile there we can located the previous high as we marked it with the yellow cloud’s. We can not treat this as a consolidation period, because it didn’t break out between three main level’s, so the current level matches the previous high and could say that is it a correction move before the downtrend continuous. This level is testing the support before next move’s for the EUR/USD. 

For trader’s that they are anticipating in the trade, maintain tight stop losses and pay attention for the further Fundamental’s coming on. 

 

 

J.Mason ♦

 

 

 

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