EUR/USD bulls, shame on you!
You can’t cover 23,6 fibo return from the 1.40 –>1.11 fall!? 🙂 The fall began in early May 2014. from 1.3393 and temporary find the bottom in the middle of January at 1.1097. After four weeks, EUR/USD can’t cover 23,6 loss, which is at 1.1777. On the way up, there is daily resistance at 1.1430/50, next is weekly at 1.1530/50, following 1.1660/80 and 23,6 fibo at 1.1777! Long way, can it be done by the euro bulls, or we could see another decline toward 1.1100? First minnor support at 1.1370/80, following stronger at 1.1260/70 and previous low 1.1100!