Overview
The EURUSD has been on a steady decline as the monetary policies of the ECB & FED continue to diverge.
The pair has recently taken out a major support level, and looks to continue on it's path lower.
Levels
1.2800 - 61.8% Retracment on Daily and Weekly resistance level (Breached)
1.2410 - 127% Extension on Daily (1.2746 - 1.3993)
1.2207 - Monthly 200 Moving Average
Figure 1 - EURUSD Weekly - Showing the 61.8% and previous support as indicated by eclipse which has now been breached
Figu…
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