Good morning all,
The euro found support around $1.2827, the 76.4% Fibo retracement of its rally earlier this year from $1.2624 to $1.3486. A clear break of that support could open the way for a test of the January low of $1.2624.
Its relative strength index (RSI) indicator has fallen below the 30% level, which is usually considered as a sign of excessive oversold in the downtrend. The euro could recover and enjoy some rebound in the short term.
Good luck traders![Wink ;) ;)](data:image/gif;base64,R0lGODlhAQABAIAAAAAAAP///yH5BAEAAAAALAAAAAABAAEAAAIBRAA7)
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The euro found support around $1.2827, the 76.4% Fibo retracement of its rally earlier this year from $1.2624 to $1.3486. A clear break of that support could open the way for a test of the January low of $1.2624.
Its relative strength index (RSI) indicator has fallen below the 30% level, which is usually considered as a sign of excessive oversold in the downtrend. The euro could recover and enjoy some rebound in the short term.
![chart15.png](/proxy.php?image=http%3A%2F%2Fwww.mbcfx.com%2Fnews%2Fimages%2Fchart15.png&hash=e20119c84f56cba1981295162ac62723)
Good luck traders
Read more Forex, Futures, Commodities, Spot Gold , spot Silver, Spot Oil,Online trading,No Dealing Desk,Currency Converter