EUR/USD's Short-Term Target Remains 1.1145

Discussion in 'Technical Analysis' started by Kaitlin, Mar 24, 2016.

  1. Kaitlin

    Kaitlin Forum Member

    Aug 29, 2015
    Likes Received:
    EUR/USD eased for a fourth consecutive working day on Wednesday, but scope of losses remains insignificant. We are still waiting for a testing of the 38.2% Fibonacci retracement of this month's earlier uptrend at 1.1145, which is backed by the 20-day SMA nine pips from below. Within the triangle pattern[​IMG]

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