Financial Advisor

A Break of the 50% fib Could see EURUSD Reach 1.3500

The EUR/USD has continued its rise today and could still have much further to go. Choosing where to move the stop to is always difficult and never an exact science. As this trade is based on Fib levels, the 1.3610 area may be a good place as it is 50 percent of today's highs and lows. If we get a break of that level we might see a return towards the 1.3500 area where we could still look for further long entries.

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