Not a Member? Join Now!   Already a Member? Sign In!

Eur/Usd trading just above trendline

Eur/Usd is trading just above 1.4821, which is a trendline of hourly lows from Dec. 4. this level acted as resistance in yesterday’s trading until a break brought Eur/Usd up to 1.4892.

A break below 1.4821 should bring Eur/Usd down to 1.4755, the low from Dec. 7.

If the pair holds look for a run back up to 1.4879, the 38.2% Fibo.