Technical analysis
Mohamed Samy
EUR/USD currency pair showed massive bearish reaction towards 61.8% Fibonacci level at around 1.4240.
Since then the pair has been trending down strongly inside a bearish channel.
Now the pair is testing an important support level 1.3445 which is a key-level for the current time.
On the 4H chart, the pair has broken two important Fibonacci levels 50% & 61.8%.
Now the pair is testing support level 1.3445 which if broken will open the way down to 100% Fibonacci level 1.3160.
http://instaforex.com/forex_analysis/44076/?x=OUE
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