I commence with my gratitude to The All-Knower
EURO currency has been doing dance of zig-zag around 1.2700 level,. As a matter of fact 1.2680 level is very important for EURUSD. This level must be kept in tact, in order to save the EURUSD from further decline. Once this level is kept, (as I write this, the EURUSD pair has recapture this level and hanging on to it, thus far), then EURUSD shall rally sharply and quickly to 1.2750 and even higher. THE OPPOSITE SHALL BE TRUE (even more decline in prices), IF IT FAILS TO HOLD THIS IMPORTANT AREA OF SUPPORT
See attached chart.
EURO currency has been doing dance of zig-zag around 1.2700 level,. As a matter of fact 1.2680 level is very important for EURUSD. This level must be kept in tact, in order to save the EURUSD from further decline. Once this level is kept, (as I write this, the EURUSD pair has recapture this level and hanging on to it, thus far), then EURUSD shall rally sharply and quickly to 1.2750 and even higher. THE OPPOSITE SHALL BE TRUE (even more decline in prices), IF IT FAILS TO HOLD THIS IMPORTANT AREA OF SUPPORT
See attached chart.
