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EUR/USD: Bears Are Contained By 1.08

Discussion in 'Technical Analysis' started by Kaitlin, Dec 21, 2015.

  1. Kaitlin

    Kaitlin Forum Member

    Aug 29, 2015
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    The closest support represented by this year's July low at 1.0808 managed to cap a sell-off for the second consecutive day on Friday. It provided the bulls with some fresh upward momentum that pushed EUR/USD in the direction of the 38.2% Fibonacci retracement of an Oct-Nov downtrend at 1.0893. This[​IMG]

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