Update 9:50 am ET.
Euro has broken out of formation, 1.5000 in target. Go long on retest.
prepare for a failure of the Cup and Handle pattern. at neckline 1.3700 to 1.3750.
mid to long term still bullish on Euro. If pattern fails, at least it would goto 1.3400, then 1.3000, whether to 1.2400, that would be known when it comes.
Crude trying to go higher, no fundamentals actually. Gold deserve to break 950.
Stock equities trying to go higher, but met with selling with those who long position since last yr. Trying to cash out.
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3 comments:
i think we will see the down secnerio on eur/usd.
Load your boats to go short on EUR/USD here.
unfortunately, it is long EURUSD.
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