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EUR/USD limits corrections, lower lows ahead

Recoveries for pair are limited Lower stop on short to above 1.1115 high 1.0762 monthly low from Sept 2003 next downside target. 1.0988 Thurs base Long-term fibo (76.4% of 0.8228 - 1.6040) at 1.0072 looks realistic Price…

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EUR/USD limits corrections, lower lows ahead
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  • Recoveries for pair are limited

  • Lower stop on short to above 1.1115 high

  • 1.0762 monthly low from Sept 2003 next downside target. 1.0988 Thurs base

  • Long-term fibo (76.4% of 0.8228 - 1.6040) at 1.0072 looks realistic

  • Prices closed the month under the 61.8% of this move at 1.1212

 

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