EUR/USD on the way to reach higher levels

Read the article on FBS website

EUR/USD has been refreshing its multi-anual highs across the board, with the help of a weak US Dollar in the FX space and now we’re seeing that it’s correcting recent gains and looks forward to test a key Fibonacci area. Such zone lies between the 1.1864 and 1.1803 level, where the pair could start to gain momentum to reach the next target around the -23.6% Fibonacci retracement level at 1.2165. Of course, once it breaks above August 29th highs.

RSI indicator still hovers in the oversold territory.

EURUSDmH1.png

Share with friends:

Similar

Latest news

Instant opening

FBS maintains a record of your data to run this website. By pressing the “Accept” button, you agree to our Privacy policy.