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EURUSD : Bullish Reversal

Discussion in 'Forex Trading Signals & Forecasts' started by Sandra S., Jan 8, 2016.

  1. Sandra S.

    Sandra S. Forum Member

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    EURUSD is now turning up, away from 61.8% Fibonacci support which was a key support for this pair it seems as price jumped more than 200 pips so far. So a decline from 1.1060 high was in three waves, which is a corrective move called a zigzag that is now pointing to higher levels. We are anticipating higher levels for a red wave C) that will be confirmed especially if pair will break and close above the upper channel line today. In that case pair should continue higher next week in the rest of

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