Technical Analysis and Outlook:
In this week's trading session, the Eurodollar gyrated back and forth between our Mean Res 1.074 and Mean Sup 1.067. Currently, it is performing a dead cat rebound back to the completed Mean Res 1.074 target; However, the possibility of a sudden downturn to the first designated extension, termed as the completed Inner Currency Dip at 1.060, cannot be discounted.
In this week's trading session, the Eurodollar gyrated back and forth between our Mean Res 1.074 and Mean Sup 1.067. Currently, it is performing a dead cat rebound back to the completed Mean Res 1.074 target; However, the possibility of a sudden downturn to the first designated extension, termed as the completed Inner Currency Dip at 1.060, cannot be discounted.
Related publications
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.
Related publications
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.