The EUR/USD recovered to reach the 1.2867 level, but we wait
according to the Gann circle, the appearance of an opposite candle to the
candle of yesterday, means that today we expect it will be a bearish candle.
So the next expected target would be towards the Fibonacci 38.2%
at the 1.2790 level, and if the Euro breaches down this level, it will decrease
towards the 1.2740 level.
As for the key support level, it lays at the 1.27 level which will represent the key point of
the bearish trend, because if the Euro breaches down this level, the next
targets will be toward the Elliot correction level at the 1.2662 level, then to
the 1.2606 level, which corresponds to the Ichimoku resistance level on the
weekly chart.
That
is all for the news of this morning,
for
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