EUR/USD

The euro - U.S. dollar pair gained strength yesterday, having ascended 1.3075, when the German unemployment rate unexpectedly dropped to 6.8% from 6.9% in December and after successful bonds auctions in France yesterday.
Today we see a bearish tone again, according to the Fibonacci retraction, the euro is at the level of 50% and we still believe that it lacks correction to 61.8% of retraction around 1.2943, at this retracement level, we will place our point input with the ultimate goal in resistance line around 1.3180 dollars per euro.


The material has been provided by Instaforex Company - instaforex.com

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