Key Price Controls Short-term Direction of Euro

Bullish traders will try to defend their position at the Fibonacci price of 1.2945. 

Now that the EUR USD has regained the Fibonacci price at 1.2945 bullish traders will try to defend it. This price is going to be a center of trading activity until one side wins over the other.  Avoid “the chop” and wait for a clear indication as to who is winning the battle. 

James A. Hyerczyk has been actively involved in the futures markets since 1982. He has worked in various capacities within the futures industry from technical analyst to commodity trading advisor. Using W. D. Gann Theory as his core methodology, Mr. Hyerczyk incorporates combinations of pattern, price and time to develop his daily, weekly and monthly analysis. His firm, J.A.H. Research and Trading publishes The Forex Pattern Price Time Report... More