The EUR/USD
is testing support at 1.3330, but I still haven’t given up on the thought that
the price should continue its corrective recovery and go to 1.3420 (23.6% Fibo),
or even all the way up to 1.3480 (38.2% Fibo). Also, I think that currently the chart has
already formed range that is quite obvious in the 4 hour filter. How long
will this continue is a matter of speculation. That said, I am asking myself
just how low will the price go when it begins its descent once again. Will it
go all the way down to 1.2820? Only time will tell. Patience is, after all, a
virtue for a trader.
No comments:
Post a Comment