EURUSD LONG TERM

13 Ağu 2017

Basically what I see is EURUSD being at a strong multi-year key level. I believe we will see a bounce from here forming a higher low on the monthly down to the 50% fib retracement which would align with the bullish trend line. After the correction, I expect a bullish continuation to either 1.23 level as our first target aligned with the 0.27 fib expansion, down trend line and 200 EMA, or 1.28 level which aligns with the greater trend retracement and 0.62 fib expansion in a downtrend and with a major resistance level.