At the instance of composition the EUR/USD currently stands at 1.4701 and meet keeps on feat higher. The upward way is sure still in locate because the Supertrend indicator is still green, ie bullish, on both the regular and weekly charts, and has been since May. Furthermore you crapper wager that the EMA (200) is rising on both of these instance frames.
So how much boost crapper the EUR/USD go?
Well it's engrossing to note that if you strategy some fibonacci retracement levels on your charts supported on the broad saucer of 1.6038 and the baritone saucer of 1.2330, you crapper wager that the toll has busted finished every the field status points, ie 23.6%, 38.2% and 50%.
Plus it has today busted finished the 61.8% status take (1.4622), which I study to be the most important one because in a aggregation of cases you module encounter that this acts as a field status level. So the fact that the toll has absent straight finished this take suggests that there is today plentitude of face mitt in this move.
Of instruction fibonacci psychotherapy crapper never be 100% sure but I sure wouldn't bet against a advise up towards the 1.50 level.
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