EURUSD LONG TERM

١٦ يونيو ٢٠١٥

EURUSD is currently playing out a A,B,C,D extension Fibonacci retracement, we had a bounce at the 61.8 which is also the key reversal area, with D extension in a similar area to the 200EMA which i predict price is heading for at roughly the 1.16 area.

however EURUSD is currently in a triangle formation which is holding price down a break and retest of this triangle will confirm a long position to the long term target of 1.16