Monday 7th lows was a 50% retracement of 2009 highs for the Euro from 2010 lows. This comes after we recently saw the 61% mark (roughly) on 2nd Feb at 1.3898 Euros to a USA Dollar.
On my long term weekly drawn chart I have this recent action as also fitting into a positive trend for the Eurodollar going back to 2008 and 2009 lows. This chart is one I drew last year, data is current of course
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