Well what a counter-trend week if anyone took it!
At the beginning of Jan 2005, EURUSD had dropped 560 pips in 1 week. That was one of the pair's biggest weekly drops ever.
This week’s bear move is currently just 20 pips short of that fall recorded over 3 years ago.
At the beginning of Jan 2005, EURUSD had dropped 560 pips in 1 week. That was one of the pair's biggest weekly drops ever.
This week’s bear move is currently just 20 pips short of that fall recorded over 3 years ago.
- 50% fib drawn from a swing low of 1.4364 to the all time high is around 1.52.
- 61.8% fib is around 1.50. Talk about round figures!
Interesting times.
Rob