EUR/USD Started a Sharp Run – What is Next?
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  1. #1
    Join Date
    Feb 2016
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    Default EUR/USD Started a Sharp Run – What is Next?

    The EUR/USD pair is recording the third positive month in a row and is slightly below the 23.6% Fibonacci retracement level which overlaps with the strong psychological level at 1.1200. Will the price hit the latter level and jumps higher at 1.1300? or it will have a rebound on it? What do you think?

  2. #2
    Join Date
    Feb 2016
    Posts
    147
    The EUR/USD pair moved above 23.6% Fibo retracement level and the Pivot Point (Resistance 1) but is trading below the 1.1270 resistance level. I suppose a break above the mentioned level will push the price further up.

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