A Look at EURUSD & The Fibonacci Queen
Here’s a couple of different looks at the most widely traded currency pair:
In the top chart we see a daily chart where the Monthly Pivot Points look to be supportive of a move up toward R2 or 1.46.00 should price clear the June high at 143.40.
Below that we have a weekly chart where we see a bull flag in March and April and then a horizontal channel which started in May and is still in place. Again we see the significance of the May high, as a close above that level could launch a rally w/ an objective based on the channel of approx. 1.50.
And then we have a short-term look at le Euro from Carolyn Boroden, aka The Fibonacci Queen, who is a Fellow with us at Trading-U:
http://clicks.aweber.com/y/ct/?l=JBhuW&m=1axUPR7P_ddpIL&b=tMqldvGJ5G6EqTrPniAAyQ
Jay Norris
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