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2 Responses to “Asian session likely to produce some USD retracement”
'Market and Human' Psychology perspectives with tips on how to avoid common mistakes by 


Dear sir, what level will be the support usd?
Thanks,
Sam
Hi Sam.
Well… that would be the Million dollar Question eh?
Indeed the target for the USD support resides somewhere between the current level and the bottom of 77.50. Of course a new low and I am 100% wrong.
So… Watch the fibo retracement levels for reversal candles on the 1 and 4 hour charts. When a reversal appears possible by way of high-wick or tweezer candles then your risk will be the extreme on the candle pattern.