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EURUSD, earlier today we went down into the blue box. Not surprising as this was a strong support zone, note the multiple bounces from it. We now have a new box, the red one.
MyHedge's Blog
EURJPY
EUR/JPY had a small rejection from the 50% FIB level yesterday evening. Today it continued to the downside. At this moment the 50% FIB appears the to give some resistance. This is no trade advice, just my analysis.
Have a great trading week all!
Have a great trading week all!
Watching the EURAUD
I am currently watching the EURAUD. It has been slightly rejected by the 261.8 Fibonacci extension. Potential for a little pullback before continuing again.
~~MyHedge~~
~~MyHedge~~
USD/JPY entering support zone
Price found some good support on the 0.618 Fibonacci level (of the previous big uptrend) and near the 200 day moving average. Please keep in mind the big red line, this marks a very strong level which acted as support for some big moves in the past.
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