EURUSD tests 38.2% Fibo resistance at 1.2871 level
The EURUSD is up testing the 38.% retracement of the move down from the August 6th high to the low on August 24th. That level comes in at the 1.2871 level. The high for the day reached 1.2872 minutes after the NFP report. A break above will target the 1.2900 level where the trendline off recent highs come in.
Good Morning:Thursday Sept 2nd 2010 Webinar Rebroadcast
Thursday Sept 2nd Webinar Rebroadcast watch now
What’s up with the market today? Making some sense in a senseless market.
The action so far today is confusing to say the least. However,there are some patterns - some levels - which are starting to make sense in a senseless market. So if you are confused, take a moment and listen in to the commentary. Perhaps it will clear some of your confussion.
