By Barbara Zigah The common currency Euro has been under considerable pressure in recent months, but recently that pressure has eased back as investor concerns of escalating Eurozone debt troubles are, if not dismissed, at least given lower priority. Recently, however, investors have been pushing the Euro higher, on speculation that the European Central Bank [...]
Tag Archives: euro
EUR/USD Bear Flag Looking for a Break Down– Could Non-Farm Payrolls Be the Catalyst?
EUR/US 60 Minute Chart Fibonacci Retracement It looks like EUR/USD is making a “bear flag” (1) formation just above the 200 bar Moving Average. Incidentally this is also just above the 38.2% Fibonacci Retracement Level (2) A break to the bottom of the flag around 1.4290/00 and below the Moving Average (white line below flag) [...]
