When trading on the foreign exchange market consider this.
The US dollar shows weakness in relation to many currency pairs and Gold. Euro on this background looks more confident. Given the abrupt change in course was last week and as the currency charts have reacted to the news, it can assumed the continuation of the growing trend. Judging by the scale of the growth of the currency pair, our goal is located at a distance of about 30% of the total rate changes over the last days, which corresponds to the Fibonacci proportions. If traders and investors will continue to invest in Euro, when you break through the resistance level we join the bulls.
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