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Euro / U.S. Dollar
Short

EURUSD Time For a Pullback

By FXAutomate
The EURUSD has had an excellent run up to the Yearly R2 pivot but with profit taking now in effect, it is likely that a pullback can be expected, first to the July R3 pivot @ 1.172 (also coinciding with the Fib 23.6 level) and then perhaps after a brief re-test of the breakout level @ 1.180 lower the to the Yearly R1 pivot and July R2 pivot @ 1.157. This is also very close to the 50% Fibonacci level @ 1.155.
Chart PatternsTrend Analysis
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