On this point, I think we'll see a lot of mainly on forex !
Technically, I used on EUR/USD , on the previous downtrend.
As you can see, the different key points are pretty accurate and the price evolution can be stopped on these (or push through...)
What I think :
Retracement rules tells us that 0.382 is a strong point and maybe the most important, in a corrective pattern, for the evolution of the price.
So if EUR/USD pulls back on 0.382, we can go back , first to 0.5 but we could go back to 0.886 which is the first main objectif in Fibonacci Retracements (and more if the trend is strong).
Tonight's FED speech will be really important mainly for the strenght of US Dollar . Federal funds rates, purchase operations and other economics plans will be the main subjects.
So let's see the evolution...
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