Things could get interesting in this pair as the price has reached the 50% retracement level, measured from the last swing low.
I don't think the price will go through this area very easly and at miniumum we should see some kind of consolidation here. Any upside is pretty much out of the question as long as EURUSD keeps on falling like a rock.
Nevertheless, this pair just got intereting.
I don't think the price will go through this area very easly and at miniumum we should see some kind of consolidation here. Any upside is pretty much out of the question as long as EURUSD keeps on falling like a rock.
Nevertheless, this pair just got intereting.