Double Fibonacci retracement levels that is!!! The Euro peaked in July of 2008 and created a lower high in November of 2009. Key retracement levels are at hand below at (1).
Even if the Euro doesn’t fall hard at this price point…this “double Fibonacci retracement level” and 95% Euro bulls favors at least a pause in the Euro’s rally of late.
If the Euro breaks through these Fib. retracement levels, be sure to be overweighted towards the commodity arena! Odds don’t favor this move, yet do have a game plan if Fibonacci is taken out.
