EUR/USD rejected at confluence of 61.80 and breakdown [Video]

Dale J Pinkert Independent Analyst

Coach reviews yesterday’s market analysis and highlights how key setups played out across multiple asset classes. He examines EUR/USD’s reaction to news surrounding progress toward peace negotiations, noting that the rally was rejected at a major resistance zone marked by the confluence of the 61.8% retracement level and a previous breakdown area. Coach also revisits his call for a rally in Gold, as well as the move higher in the S&P 500 toward the target range he identified in yesterday’s session.

Author

Dale J Pinkert

Independent Analyst

Former Member of the Chicago Mercantile Exchange (IOM Division), Dale's market forecasts have been aired on Financial Television and Radio station including CNBC.

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