m.k237

EURUSD POTENTIAL FORMATION

FX:EURUSD   Euro / U.S. Dollar
I AM SEEING A CHANEL OF SUPPORT AND RESISTANCE ON A DAILY TIME FRAME WHICH HAS BEEN RESPECTED 4 TIMES NOW. I AM LOOKING FOR SOME CONSOLIDATION OVER THE NEXT FEW DAYS AND PRICE TO HIT 1.0500 FROM WHICH WE COULD SEE A REVERSAL TO 1.09570 AND THEN BACK DOWN AGAIN TO COMPLETE A THE FIB D EXTENSION.

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