Hi Traders,
As we have mentioned yesterday, the EUR/USD prices found a support at 61.8% Fibo Fan retracement around 1.3080, further gains are expected and the next strong resistance lays at 1.3230 ( its 50% Fibo Fan).
Due to today major news, the markets will remain uncertain and brutal moves are expected in either direction; therefore, it is highly recommended that traders should avoid excess risk by using a tight stop loss to any open position.
Good luck![Smile :) :)](data:image/gif;base64,R0lGODlhAQABAIAAAAAAAP///yH5BAEAAAAALAAAAAABAAEAAAIBRAA7)
Source : mbcfx.com
As we have mentioned yesterday, the EUR/USD prices found a support at 61.8% Fibo Fan retracement around 1.3080, further gains are expected and the next strong resistance lays at 1.3230 ( its 50% Fibo Fan).
Due to today major news, the markets will remain uncertain and brutal moves are expected in either direction; therefore, it is highly recommended that traders should avoid excess risk by using a tight stop loss to any open position.
![chart13.png](/proxy.php?image=http%3A%2F%2Fwww.mbcfx.com%2Fnews%2Fimages%2Fchart13.png&hash=4719ec2be6b0b4848fe9c1f5d731d9cc)
Good luck
Source : mbcfx.com