EUR/USD Surges In direction of Fibonacci Resistance
Euro has rallied greater than 0.58% in opposition to the US Dollar for the reason that Asia open with EUR/USD charging increased after rebounding off vital assist final week. Whereas the medium-term focus has shifted to the upside, the advance is now approaching preliminary resistance targets which may restrict the topside near-term / provide alternatives on the restoration. These are the up to date targets and invalidation ranges that matter on the EUR/USD weekly value chart. Review my latest Weekly Strategy Webinar for an in-depth breakdown of this Sterling value setup and extra.
Euro Worth Chart – EUR/USD Weekly
Notes: In final month’s Euro Weekly Price Outlook we highlighted the danger for additional losses in EUR/USD whereas noting to be looking out, “for a response / potential exhaustion into confluence assist simply decrease at 1.0976/94.” Worth failed at…