EUR/USD Technical Analisys
Bulbrokers | Dec 22, 2011 03:27AM ET
The Euro tested the level above 1.36, which is the 50% Fibonacci level of the rise from 1.3415 to 1.4246, but failed to break above that level. The break below 1.3405 (76,4% Fibo level of the above mentioned rise). makes test of medium term bottom at 1.3145 possible and then 1.30. In upside direction resistance levels lie at 1.3830 and 1.4255, which are 38,2% and 61,8% Fibo correction of the fall from 1.4939 to 1.3145.
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