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Euro Rally Targets

Posted on December 21, 2021December 21, 2021 by Vlad

Hey Traders,

as pointed out in most recent end of day trend summary, smaller time frame trends were turning up and now all intraday trends up to 120min chart are looking bullish.

Shall the rally continue, here are two very high probability resistances/targets for the Euro (EC) that should be considered by anyone long at those levels:

There is a Fib confluence in 1.3352-54 area (38% of the recent move down & 50% from the recent high/ambush from which the euro broke down). Second confluence area being 1.3411-1.3425 (61% from recent high , 50% of the recent move down, significant previous support)

Cheers

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