Abdullah_x47

EURUSD- Time to wait?

FX:EURUSD   Euro / Dollar AS
All the support and resistance lines are shown on the chart. I would prefer to be neutral at the moment and let the Fib extensions come in strong play. If it comes to the level I drawn on the chart; good enough. It would be a good deal. Euro has no reason to go bullish and break the psychological resistance, However weak dollar can cause volatility in the pair. The stochastic and RSI both indicate the pair to be over bought along with the candlestick patterns and Fib Ratios.

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