Documente Academic
Documente Profesional
Documente Cultură
1.36
50.0 1.35
1.34
1.33
1.32
38.2
1.31
1.3
1.29
1.28
1.27
1.26
1.25
1.24
Comment: Hovering at 38% Fibonacci retracement resistance with consensus opinion in Reuters FX Poll for it
to drop to 1.2000 in 12 months’ time. The Euro is less overbought though bullish momentum has eased
considerably. Futures open interest has barely budged from a month ago suggesting entrenched opinions.
Strategy: Attempt longs 1.3160; stop well below 1.2980. First target 1.3230, then 1.3300/1.3365.
Chart Levels:
Support Resistance Direction of Trade
1.3131 1.3175
1.3065/1.3050 1.3233
1.2980* 1.3262*
1.2850 1.3300
1.2800 1.3365