The EURRON stopped at 4.33 and coudn't go higher to the obvious target around 4.35 as noted in a previous post giving a first sign that if it cannot go higher then it will go lower.
The rate fell in steps towards the longer term uptrend support area between the 61.8% (4.19) and 50% (4.23) Fibonacci retracement levels of the low - high 2010 range. Therefore the area around 4.19 - 4.20 should prove an important support and potential downtrend target during the next month. If broken, it opens the way to stronger RON appreciation.
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