Today is Sat, November 18, 2017 7:17:46 GMT
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Forex Chart of the Day Best performer – EUR/USD

The euro seems to have a mind of its own today being the best performer out the risk currencies, reaching levels we haven’t for 2 months. Perhaps statements from Sarkozy and Merkel that Greece will not be allowed to go bankrupt has helped boost confidence in the single currency and as Greece and the troika are putting the finishing touches on the terms required for a 130 billion-euro ($173 billion) bailout package. The market is looking at the ‘outcome glass’ as half-full. Technically if today’s low of 1.3244 (38.2% fib level) holds and euro continues with the momentum, the 50% retracement is within reach at 1.3435.  At this time it may be ripe to look for rallies to sell for the long term.