Good morning all,
The euro found support around $1.2827, the 76.4% Fibo retracement of its rally earlier this year from $1.2624 to $1.3486. A clear break of that support could open the way for a test of the January low of $1.2624.
Its relative strength index (RSI) indicator has fallen below the 30% level, which is usually considered as a sign of excessive oversold in the downtrend. The euro could recover and enjoy some rebound in the short term.
Good luck traders
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The euro found support around $1.2827, the 76.4% Fibo retracement of its rally earlier this year from $1.2624 to $1.3486. A clear break of that support could open the way for a test of the January low of $1.2624.
Its relative strength index (RSI) indicator has fallen below the 30% level, which is usually considered as a sign of excessive oversold in the downtrend. The euro could recover and enjoy some rebound in the short term.
Good luck traders
Read more Forex, Futures, Commodities, Spot Gold , spot Silver, Spot Oil,Online trading,No Dealing Desk,Currency Converter