Forex: EUR/USD respecting long-term Fib levels

EURUSD, FXE, currency, forex, hedgefundlive, trading, stocks, bonds, technical levels, fibanocci, profit

EUR/USD 15min chart with fib levels.

 

The EURUSD has begun to show weakness, and been moving lower lately. Aside from the obvious fundamental weaknesses, it is technically broken. In the chart:

Green 23.6 fib line: $1.4212 (dates: low point 6-6-10, high point 5-4-11)

Orange 38.2 fib line: $1.4144  (dates: low point 1-9-11, high point 5-4-11)

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http://www.hedgefundlive.com/blog/forex-eurusd-respecting-long-term-fib-levels

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