Last Fib of the Year
Happy New Year to Everyone!
EURUSD managed to break through 1.1965 and is now flirting with the 1.2000 level. Through this eyes 1.2033 and 1.2092, the highs of Sept 20 and Sept 8 respectively.
Support is now seen at 1.1965, 1.1920/00 and, whilst 1.2000 holds, the current fib retracements at 1.1880, 1.1847 and 1.1814. A breach of the latter brings the pivotal support at 1.1717 into view.
EURUSD currently around 1.1874.
Through 1.1909 paves the way for 1.1940 and 1.1965.
To the downside immediate support is seen at 1.1860 with 1.1825/1.1775/1.1725 further below.
Target for the long trade was reached at 1.1847.
EURUSD now looking to break higher seeking 1.1877/1.1940/1.1980
Failure to break 1.1860/77 sees immediate support at 1.1800/1.1775/1.1730
A breach of 1.1712 will certainly draw the bears
Moving stop on long EURUSD to breakeven @ 1.1746, limit 1.1847
Long @ 1.1746, limit 1.1847, stop 1.1690
Wow, didn’t realise it had been so long!
Time to get back into the swing of things and start posting daily updates on the EURUSD.
Bitcoin looks interesting, anyone on that lottery?