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Golden Ratio Daily Low, EUR/USD

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Golden Ratio Daily Low, EUR/USD

Another fade / current daily low on EUR/USD, this one drawn from an hourly chart using our measured movement principle. Again, note the retest – trendline drawn from the strongest historical confluence. This is very standard.

EURUSD Hourly 1.618 Measured Movement

ParaCurve

ParaCurve

Since 2008, ParaCurve (formerly NBT) has been a provider of a wide range of articles geared towards a common sense approach to trading using fundamental market analysis in conjunction with globally identifiable technical levels. Steve is a 21 year trader, having formerly worked as a sell and buy side global macro analyst for several of the largest financial institutions in the world. You can follow us on Twitter or Facebook. Series and support at FXS Analytics.

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