EURUSD: Stable at 1.4195, 1.4175 Fibonacci point to monitor.

[RTFX-Trading]

EURUSD: Stable at 1.4195, 1.4175 Fibonacci point to monitor.

The market digested the collapse of the EURUSD from 1.4414 to 1.4154 on Friday following better unemployment figures from the United States. Fibonacci point of 1.4175, which is 61.8% correction of the last increase of 1.4007 to 1.4447, is to be monitored carefully. A break of this could encourage investors to focus on the downside, especially as we hear a series of selling stop orders in the 1.4110-40 area. On the contrary, if 1.4175 holds, the EURUSD has a potential upside to 1.4594.



Nicolas Longchamp
RTFX Ltd
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