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1.1402
faizyjee's Blog
EURUSD
at 1.3636.
EUR/USD on a test of 1.3722. Holding
this level could create enough upside momentum to trigger a return rally
through the Fibonacci level at 1.3833. At this point, buyers will have
to decide whether to buy strength and drive the market through the March
high at 1.3966.
The long-term picture could change if investors fail to defend 1.3722. If this occurs then look for shorting pressure to
eventually lead to a test of the 50% level at 1.3491.