Trading Talks about Euro Dollar
July, 05
The daily chart shows the key levels, 1.1840 and 1.1985, which are 78.6% and 50% retracements, respectively. Flat correction continues, and reaching 1.1780 and possibly the previous low of 1.1700 within this narrowing channel is also possible. If this corrective channel continues, the price growth will be subject to pressure at 1.1985, but its breakout will start the opportunity for growth to 1.2000 and 1.2050.
