EUR/USD fresh weekly low |
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EUR/USD has just printed a fresh weekly low at 1.4726, approaching to one of two majors supports we have ahead: first, the 1.4680/1.4700 area, full of daily lows from past October; if we break that, 1.4620, 61.8% retracement of the monthly fall 1.6038/1.2330, also past November low. A daily close under that level or even better a weekly one, will suggest pair has topped at the 1.5140 zone, and trigger more midterm bearish trend. From current level, resistances lie at 1.4780, 1.4820 and 1.4860 zone.
Filed under: Forex Advisor
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