Users: moneymiser21: EURUSD_20yrWeekly_Fibs_Support.jpg
EURUSD_20yrWeekly_Fibs_Support.jpg
Updating the long-term picture on the EUR/USD
Please note how a support level from August of 1997 (1.0414) has helped hold up the rainbow currency.
My fellow fibonacci traders will also note this bounce came in-between the 61.8%-78.6% retracement zone of the currency's all-time low to all-time high.
So in the larger timeframe value has been found (for now). Whether this means the EUR/USD will push higher over the next year or so is anyone's guess, but there are multiple points of (what should be) resistance above.
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