EURUSD break out major support and fell down channel
In today's trading, the EURUSD has been hit by sales pressures, breaking the 1,1300 support after three months and falling to near the channel's bottom. As the pair crossed the $ 1,1,300 and Fibonacci retracement of 61.8%, we can say that the probability of a downside move up to a 100% Fibonacci estimate at $ 1,180 is available. Meanwhile, the mid-range rate of 1.250, the Rand rate of 1.200 and the bottom of the channel will be troublesome for vendors.
best time for open position
In today's trading, the EURUSD has been hit by sales pressures, breaking the 1,1300 support after three months and falling to near the channel's bottom. As the pair crossed the $ 1,1,300 and Fibonacci retracement of 61.8%, we can say that the probability of a downside move up to a 100% Fibonacci estimate at $ 1,180 is available. Meanwhile, the mid-range rate of 1.250, the Rand rate of 1.200 and the bottom of the channel will be troublesome for vendors.
best time for open position