Hi Traders,
As we have mentioned yesterday, the EUR/USD prices found a support at 61.8% Fibo Fan retracement around 1.3080, further gains are expected and the next strong resistance lays at 1.3230 ( its 50% Fibo Fan).
Due to today major news, the markets will remain uncertain and brutal moves are expected in either direction; therefore, it is highly recommended that traders should avoid excess risk by using a tight stop loss to any open position.
Good luck
Source : mbcfx.com
As we have mentioned yesterday, the EUR/USD prices found a support at 61.8% Fibo Fan retracement around 1.3080, further gains are expected and the next strong resistance lays at 1.3230 ( its 50% Fibo Fan).
Due to today major news, the markets will remain uncertain and brutal moves are expected in either direction; therefore, it is highly recommended that traders should avoid excess risk by using a tight stop loss to any open position.
Good luck
Source : mbcfx.com