euro versus the dollar

I’ve been sticking with the dollar against the euro and will probably continue to do so but I’m concerned about the support the dollar hit today at 1.1670.  In addition, a 61.8 % fibonacci retrace…

from a low in early 2003 is in play with support at 1.627.  So I’m guessing that the pair will make an attempt at breaking that support line.  If it breaks the 1.627 support, I’d expect it to go much lower.

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