EURUSD tests 38.2% Fibo resistance at 1.2871 level

Written September 3, 2010 at 9:39 AM EST by  

The EURUSD is up testing the 38.% retracement of the move down from the August 6th high to the low on August 24th. That level comes in at the 1.2871 level. The high for the day reached 1.2872 minutes after the NFP report. A break above will target the 1.2900 level where the trendline off recent highs come in.

No Responses to “EURUSD tests 38.2% Fibo resistance at 1.2871 level”

Add a comment