Forex Trading: Eur/Usd Continues Slide
Eur/usd has looked bearish since Sunday’s open. The pair is trading firmly below the 61.8% fibo (1.2346) of move up from 1.2146 to 1.2670. The 1.2220-30 level should act as short term support with 1.2146 the pairs ultimate target to the downside. To the upside 1.2346 should act as good resistance.
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