JonathanWong

EURUSD Potential resistance

做空
FX:EURUSD   欧元/美元
After forming a morning star 2 weeks ago, upside potential still present though minimal. Potential sell set up between 50% fibo and 61.8% fibo retracement from Mar 16 low. Presence of 50 day moving average within the price range acts as additional area of resistance. Volatility expected in the coming days therefore chances of prices moving up to 1.10 might be a possibility. However, it may just be the needed signal for a downward reversal.
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