EUR/USD Rips off of 2017 Fibonacci Retracement

Chart Prepared by Jamie Saettele, CMT

DailyFX Trading Guides and Forecasts

Traits of Successful Traders

-The last update noted that “the spot to know (for support) is 1.0520/30 (December 2015 low and 61.8% retrace of January rally)…EUR/USD is nearing the ‘spot to know’ so heads up on formation of a low over the next few days.” EUR/USD has surged off of the noted level. Be aware of 1.0700/20 as near term resistance. For more on EUR/USD, check out this video.