early morning chart: eur/usd

the eur/usd this morning so far is putting in a reversal and displaying  a long tail above its head (bearish if it closes this way).

also note that this is occuring right between the 50% and 61.8% fibonacci retracement of the latest swing from the late August highs to the early October lows. 

if the euro comes under pressure again here equities shouldn't be too far behind.

Watch More:

Leave a Reply

Your email address will not be published. Required fields are marked *

Get Serge’s Daily Trading Tips

Subscribe now and get clear, actionable, and relevant trade ideas!

By giving your contact info you agree to receive future emails from The Steady Trader including educational and promotional content. By providing your mobile phone number and clicking on the above “Subscribe” button, you agree to receive automated promotional messages from us via SMS. By opting into our SMS Program, you agree to our Terms and Conditions and Privacy Policy.