EURUSD broke 2016's lows. This comes after a test of this low two days ago and subsequent pullback. A bearish close below the low could set us up for a test of last Dec lows coming in at 105
Note
Back above the swing lows of the year. Very oversold so a pullback is imminent. As long as 108 area holds a test of last Dec lows still on the cardsNote
Another swing failure higher. Breaking yesterdays lows as I type.Note
Well on its way to 1.05 nowNote
Pulling back today. The close will tell the story. If bullish first resistance at 1.0710Note
Previous swing low taken out. Targeting last Dec lows at 1.0520 area. Stops could be triggered beyond thatTrade closed: target reached
Went through the 1.0524 level as discussed and pulled back immediately. Idea is finished. A bullish close should be the beginning of a pullback but on the sidelines for now
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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.