EUR/USD: The Price Has Corrected To The 67th Degree
October 04, 2017 at 08:07 AM EDT
A new daily high has been hit. A correction from the low of 1.1696 marks a 61.8% retracement of the downwards wave from 1.1832 to 1.1696. Given that the 61.8% Fibo level runs close to the 67th degree, this makes 1.1777 levels an important resistance.
