Euro Support

For those of you who attended the webinar, you may recall where we said Euro Dollar would find resistance. That is shown on the chart as the 2 legged extension and we hit it almost precisely before retracing. This retracement seems like it is a breather and the levels of support are shown on the chart. If support levels are breached then this chart will need to be analyzed again. XTL is still bullish but MACD is showing divergence.


Chart courtesy of Advanced Get. Data provided by eSignal.

Next update will be Tuesday 25th March.

Happy holidays.

Forex Analysts
Javid Shaik & Anne Chapman