The EUR/USD is heading towards the 50% FIBO, which is right at the 1.245 as the pair psychological handle and a former resistance level on the H4. Stochastic also looks like it's going for the oversold area, so you better pay extra attention if the pair reaches the 1.245 mark. That could be a bounce area.
EUR/USD Retreat To 50% FIBO - August 27,2012
The EUR/USD is heading towards the 50% FIBO, which is right at the 1.245 as the pair psychological handle and a former resistance level on the H4. Stochastic also looks like it's going for the oversold area, so you better pay extra attention if the pair reaches the 1.245 mark. That could be a bounce area.
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