EUR/USD

EUR/USD testing Fibo resistance again

I’m still hanging in with my long position from earlier in the week but to be honest I’ve got no strong view at the moment. Medium term I still think it goes higher but as to whether we see the 1.27 handle or the 1.32 handle first? I’m really not sure; stay in the market and hope the lights get brighter!

61.8% resistance level at 1.2960 and sell orders reported at 1.2965/70 (which probably means stop-loss orders above 1.2975!).

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