Euro Stalls at Fibonacci Extension
Prepared by Jamie Saettele
Yesterday’s close was at the 100% extension of the rally from 12873 to 13456, at 13827. I expect a top as per the presented wave count above but this is as far as the EURUSD can go with this count remaining favored. RSI divergence with the latest peak warns of a top here. Do not forget that the rally from 11875 is in 3 waves, which favors the downside.
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