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EUR/USD Analysis: More weakness below 1.1253

Discussion in 'Technical Analysis' started by FXStreet_Team, Mar 21, 2016.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

    Oct 7, 2015
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    EUR/USD pair failed to sustain above 1.13 levels on Friday and fell to 1.1253 levels, before minor bout of profit taking ensured the spot closed the week at 1.1265 levels. Euro found bids around the confluence of key Fibo levels - 1.1257 (61.8% of 1.1714-1.0517) + 1.1253 (100% Fibo of 1.0517-1.1060-1.0711) in early Asia today, but the subsequent bullish momentum ran out of steam at a high of 1.1285 levels. Oil driven risk-off could offer support to EUR The common currency may find support in

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