At the instance of composition the EUR/USD currently stands at 1.4701 and meet keeps on feat higher. The ascending trend is sure ease in locate because the Supertrend indicator is ease green, ie bullish, on both the daily and weekly charts, and has been since May. Furthermore you crapper wager that the EMA (200) is ascension on both of these instance frames.
So how such boost crapper the EUR/USD go?
Well it's interesting to note that if you strategy some fibonacci retracement levels on your charts supported on the high saucer of 1.6038 and the baritone saucer of 1.2330, you crapper wager that the toll has busted finished all 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 essential digit because in a aggregation of cases you will find that this acts as a field status level. So the fact that the toll has absent straightforward finished this take suggests that there is today plenty of face mitt in this move.
Of instruction fibonacci analysis crapper never be 100% reliable but I sure wouldn't bet against a advise up towards the 1.50 level.
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