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Aleksin_Aleksandar

EURUSD short view 38,2% Fibonacci level

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Euro / Dollar AS (FX_IDC:EURUSD)  
Aleksin_Aleksandar  
FX_IDC:EURUSD   Euro / Dollar AS
Support and Resistance Fibonacci Trend Lines
6
0
supportandresistance fibonacci trendline
During the Asian trading session, the EURUSD pair encountered resistance in the 0.98500 zone at the 61.8% Fibonacci level. This was followed by a pullback to 0.98000 at the 50.0% Fibonacci level. EURUSD could further decline to the 38.2% Fibonacci level, where it would test the breakpoint. If we find new support there, the pair will form a higher low, and we could start a new bullish impulse.

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