EURUSD: The Fibonacci point at 1.4343 holds the bearish correction (23.6% retracement of the 1.4007 - 1.4447).

[RTFX-Trading]

EURUSD: The Fibonacci point at 1.4343 holds the bearish correction (23.6% retracement of the 1.4007 - 1.4447).

The EURUSD is stable this morning, pending the employment figures from the US scheduled at 14h30CET. The market is expecting better than expected figures, which should revive appetite for risk by investors.

In regards to Fibonacci, 1.4343 is very important, as this area has been tested several times between yesterday afternoon and this morning. EURUSD has so far "only" retraced 23.6% of the last increase from 1.4007 to 1.4447, this means that if 1.4343 holds, the EURUSD has a very important potential upside, with the objectives being 1.4520 to 1.4637, if the employment report turns out better than expected.



Nicolas Longchamp
RTFX Ltd
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