By Ilya Spivak
Prices are testing resistance at 1.0530, the 50% Fibonacciexpansion, with a break higher exposing the 61.8% level at 1.0623. Near-term support is at 1.0437, the 38.2% Fib. A reversal back beneath that targets the 23.6% expansion at 1.0322.
Prices are testing resistance at 1.0530, the 50% Fibonacciexpansion, with a break higher exposing the 61.8% level at 1.0623. Near-term support is at 1.0437, the 38.2% Fib. A reversal back beneath that targets the 23.6% expansion at 1.0322.
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