Today is Sat, May 20, 2017 21:48:41 GMT
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Forex Chart of the Day

Kiwi support at .80!

Overnight, the Kiwi was able to hold near-term support vs. USD at .80 after reporting better than expected account balance figures.

Pound going down?

The Pound has put in a short-term double top on the 30-minute chart at resistance of 1.6240!

Euro at Fibonacci Resistance!

The Euro looks to be forming a short-term double top at the 61.8% Fibonacci retracement level which could mean further moves to the downside!

Euro Resistance from 13740 to 13760

The EURUSD has continued higher and focus is now on 13639-13758 (61.8% retracement and former resistance area). As mentioned yesterday – “once this small upward correction is complete, the EURUSD is expected to collapse in a powerful 3rd wave decline. It should be worth the wait.” 13860 is the key level for the bearish case