EUR/USD Completes 38.2% Retracement

December 6, 2012 in Forex Analysis

0
  

EUR/USD completed 38.2% retracement of the recent upward move during November 13th to December 5th, 2012. This level zone is expected to come  as support and if this support holds then the upward move may resume. However a break of this should bring some more consolidation.

Please check the daily chart of EUR/USD:

EUR/USD at 38.2% retracement's support level

 

Author Info

Profile photo of ForexAbode.com

ForexAbode.com's analysts provide Forex market analysis based on technical, fundamental as well as psychological aspects. Apart from the daily and weekly Forex outlook posted on the respective pages, the outlook and news are also updated on the blog section. ForexAbode analysis is also featured on some of the leading financial news and analysis sites. Please use the comment form below or contact us page for any comments, suggestions or complaints. You may also write to us at contact(@)forexabode.com by removing the brackets in the email address.

Contributor Contact, Accountability and Policies

1 response to EUR/USD Completes 38.2% Retracement

  1. It’s always a pleasure to hear from someone with expertise.

Leave a reply

Your email address will not be published. Required fields are marked *

You may use these HTML tags and attributes: <a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <cite> <code> <del datetime=""> <em> <i> <q cite=""> <strike> <strong>