EUR/USD, a decline of 200 pips!

eur-usd 23.06. II

With low at 1.1134, the EUR/USD fell over 200 pips today and the sellers are still in control over the pair. The euro is trying to recover and it reached 23.6 fibo return of today’s fall at 1.1197, after wich has retreted back again at 1.1160, where the minor support is placed for now. Amaizing pressure on the pair today, I can’t see how the euro can recover from this, not today, or!? Down trend lines are all over the place, H4/MA’s 200 and 100 are here. It will be miracle for euro to recover from this today.

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 )

Connecting to %s