EURUSD in a 6Y Retracement starting July 2008 - Long Term View
FIB Retracement drawn from Oct 2000 to July 2008.
Since July 2008 EURUSD has retraced to 0.5 FIB twice which is also a strong support level. It appears long term the price action it is headed towards 0.382 FIB around 1.3000 handle for price equilibrium.
Since July 2008 EURUSD has retraced to 0.5 FIB twice which is also a strong support level. It appears long term the price action it is headed towards 0.382 FIB around 1.3000 handle for price equilibrium.
