Price came down towards a major area of support from 1.3312 to 1.3301 (50% retracement, and the 76,4% retracement). A possible bounce was likely to occur from this level. And it did, today the EURUSD moved sharply higher during the European and American session. Currently the price is moving down a little but this could well be because of profit taking daytraders.


The next big level of resistance is at 1.3460 ( This is also the Fibonacci retracement, and last previous high). The next big level of support is located around 1.3200 (Fibonacci retracement and the end of november high). But please also keep an eye on the other Fib levels and the RSI.

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