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Eur/Usd should bounce from strong area of support soon
The next strong area of support for the Eur/usd is a combination of fibonacci expansion areas
First of all, let us take a look at the weekly chart though:
The weekly Rsi_14 is extremely low,
the 100sma and the 200 SMA are well above current level, both around 1.30
I believe that the Eur/Usd is bound for a deep retracement upwards
If we look at the daily chart, I can see the first move up occur:
Eur/Usd daily chart
On the daily chart I …
The next strong area of support for the Eur/usd is a combination of fibonacci expansion areas
First of all, let us take a look at the weekly chart though:
The weekly Rsi_14 is extremely low,
the 100sma and the 200 SMA are well above current level, both around 1.30
I believe that the Eur/Usd is bound for a deep retracement upwards
If we look at the daily chart, I can see the first move up occur:
Eur/Usd daily chart
On the daily chart I …