Euro today gave first reversal signal at key level of 1.3700. This levels is very near to key psychological level of 1.3800 for the pair.
The current level is also significant as it is 61.8% retracement of the move from 1.4275 to 1.2870 levels.
Another significant factor to watch is the Dollar Index which has hit the crucial support of 78 levels.
Observe the rolling over of the macd in DXY index. This combined with RSI peak around 55 levels seems bearish now.
Lets watch the action at these crucial levels.
The current level is also significant as it is 61.8% retracement of the move from 1.4275 to 1.2870 levels.
Another significant factor to watch is the Dollar Index which has hit the crucial support of 78 levels.
Observe the rolling over of the macd in DXY index. This combined with RSI peak around 55 levels seems bearish now.
Lets watch the action at these crucial levels.
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