EUR/USD boosted after US GDP!

eur-usd 25.11.

First reaction on better then expected data was decline to 1.2390 and then reverse reaction after wich EUR/USD broke the previous resitance at 1.2450/60. In my yestreday EUR/USD analysis I draw this possible scenario, stop at 1.2450/60, back and posible rebund from the level 1.2395! For now, the pair stoped at 23.6 fibo return from the October 15. November 07. fall. This level was resistance for 5 days, after the pair find bottom on November 7., after wich manage to brake it, but Mr. Draghi return the pair bellow last week at Friday. The pair is trying to recover again and there is several restance areas on the way. First is this 23.6 fibo level, second 1.2500/10, and third 1.2570/80. On the way back, there is 1.2450/60 again as support, follows 1.2400 and 1.2350/60.

Advertisements

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google+ photo

You are commenting using your Google+ account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

w

Connecting to %s