According to the Technical Confluences Indicator, the EUR/USD may find solid support only at around $1.2330. The area is a dense cluster of technical lines: Fibo 38.2% 1w, the SMA200-h1, the SMA50-4h, the SMA200-4h, the SMA5-1d, Bolinger Band 1d-Middle Stdv 2.2, the Fibo 38.2% one month, the SMA10-1d, and the SMA50-1d. The significant confluence makes it a [...]
The post EUR/USD does not have much support after the fall appeared first on Forex Crunch.
via Forex Crunch
No comments:
Post a Comment