FOREX ALERTS >>
DailyFX Plus Login

eur technicals

Article

Euro Technical Outlook
Thursday, 13 August 2009 14:34:30 GMT  |  Jamie Saettele, Senior Currency Strategist
Delicious
Facebook

The EURUSD has run into Fibonacci resistance in what may be a wave 2 top.  As focused on in recent days, the common topping area for 2nd waves is between the former 4th wave extreme and the 61.8% of the first wave decline.  The EURUSD has reversed from the top of this zone.  Favor the downside against last week’s high (1.4450).

More Articles

Feedback Form