Euro / U.S. DollarUpdated EURUSD July short follow-up
Today we might see hoghs in the 1.13102 but I am expecting to close the day below 1.125. The target for the next two weeks is still 1.11814 or below.
Note
The last 8 days showed a complex mean return pattern and my goal of 1.11814 is getting closer. In the minute time-frames, there are already a lot of end-of-cycle signals but in my opinion, there is a potential of hitting the bottom around 1.116 after a retracement - maybe with high volatility.Trade closed: target reached
If today closes short it is 59% likely that tomorrow will close short as wellNote
average prices follow the red supercycle now for apx 1,5 month. Yesterday could have been a midterm bottom followed by a complex retracement and I feel a tendency of even lower rates till September.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.