EUR/USD Completes 38.2% Retracement

December 6, 2012 in Forex Analysis

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


1 response to EUR/USD Completes 38.2% Retracement

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

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