EURUSD Weekly Summary: Still in a bullish phase, moving sideways between 23.6% – 38.2% Fibonacci retracement

February 4, 2012 by stanh  
Filed under FX News

The EURUSD was indecisive this week. Price attempted to push lower, bottomed at 1.3025 on Wednesday but closed higher at 1.3158 on Friday. As you can see on my h4 chart below price has been moving sideways between the 23.6% – 38.2% Fibonacci retracement of 1.4246 – 1.2625. This ranging market occurs after price slipped [.

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