EURUSD Waves Goodbye To The Fibs

The EURUSD has marched lower so far this week.  The cross started the week at the top of the fib zone at 1.3030 and has now pushed past the .382 fib at 1.2944.  Attention now shifts to daily price support and the 200 day MVA at 1.2820.  This level has provided solid support in the recent past.  It would take a break below 1.2820 to open up the cross to the larger fib range below from the move higher in September.

Sup    1.2820

Res   1.2945

Sept Fib Range

.382          1.2741

.500          1.2610

.618          1.2477

Keane Plan...The cross is sitting mid range at the moment.  A push to 1.2820 could find buyers.

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