January 29, 2011

US DOLLAR Rises from the Golden Ratio

US DOLLAR DAILY CHART
EURUSD DAILY CHART
  • US Dollar and EurUsd daily charts with the golden ratio(61.8%) Fibonacci level.
  • US Dollar took support at the 61.8% Fib level while for Eurusd it acted as resistance.
  • Now for the Dollar to rise it should cross the 50% level and close above it which will confirm a short term reversal in US Dollar price and this means negative outlook for EURUSD.

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