Евро / Доллар СШАДлинная
EURUSD: to the point of important support
EUR/USD has restored half -hearted on Thursday, restoring four tenths of percent and increasing over 1,0800. Despite the recovery on the weekend, Fiber still dropped sharply compared to the recent high level after a decrease of more than 4% from top to bottom compared to the highest bid at the end of September nearly 1,1200.
Technically, the recent decline has followed the principle of DOW theory, showing that after a large decline, the market will often tend to adjust. In this scenario, EURUSD is likely to retreat to Fibonacci levels 0.5 to 0.618, in the range of 1,09307 to 1,09836. This will be an important resistance area, where the price may slow down or have a selling pressure again.
What do you think of the recovery momentum at the present time?
Technically, the recent decline has followed the principle of DOW theory, showing that after a large decline, the market will often tend to adjust. In this scenario, EURUSD is likely to retreat to Fibonacci levels 0.5 to 0.618, in the range of 1,09307 to 1,09836. This will be an important resistance area, where the price may slow down or have a selling pressure again.
What do you think of the recovery momentum at the present time?
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