The 61.8% retracement is being approachedThe EURUSD has moved towards the subsequent draw back goal at 1.10298 (see earlier
The 61.8% retracement is being approached
The EURUSD has moved towards the subsequent draw back goal at 1.10298 (see earlier post HERE). That’s house to the 61.8% of the transfer up from final week’s lows. Additionally close to the extent is the swing excessive from November 15. That stage was damaged on that day and the pair in the end raced greater.
Does the market take a breathe on the stage? I might not be shocked with cautious stops on a break.
PS the vary for the week has moved from 51 pips earlier than the day to 66 pips. That’s nonetheless tiny comparatively, however compared to 51 pips it’s 29% enchancment.