Hi traders,
The EUR/USD prices found a support at 61.8% at 1.3050, match its Fibonacci retracement from May 2010 low 1.1875 to May 2011 high at 1.4940. We expect further decline to 1.2970 before any rebound of the pair if 1.3050 is broken. In absence any positive news from Europe, the prices can deep as far as 1.2675 the coming weeks.
Good luck
Source : mbcfx.com
The EUR/USD prices found a support at 61.8% at 1.3050, match its Fibonacci retracement from May 2010 low 1.1875 to May 2011 high at 1.4940. We expect further decline to 1.2970 before any rebound of the pair if 1.3050 is broken. In absence any positive news from Europe, the prices can deep as far as 1.2675 the coming weeks.
Good luck
Source : mbcfx.com