Euro Update Post Fed
Euro not liking the Fed announcement re MBS support. And after such a great move too.
The fibonacci retrace points will each be consecutively more damaging as they are taken out.
Shorter term it's holding a 50% retrace of the very last 5 wave. The .618 retrace of that is about at the same level, 1.4690, as the .236 retrace of the greater structure pictured in this chart.
The fibonacci retrace points will each be consecutively more damaging as they are taken out.
Shorter term it's holding a 50% retrace of the very last 5 wave. The .618 retrace of that is about at the same level, 1.4690, as the .236 retrace of the greater structure pictured in this chart.
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