Today’s corrective movement up still gives opportunities to short the cross. Should see the cross move cautiously up to the.618 fibo and with the channel line there it may turn it. It could turn anytime, but needs to retrace some. Otherwise, look for the 0.993 and the 1.0027 for sellers to come back in. Initial targets are the 0.9758 (S4) area. Look for a follow through to the 0.9712 (1.618 extension) Support. Overall target is 0.9672.
Similar Posts:
- $GBPUSD –Top in place?
- $EURUSD Break of channel
- EUR/USD could correct to 1.3610…or lower
- $AUDUSD – bounce
- Euro Finds Renewed Interest But Will Need to Break 1.2880 for Shift
