Forward looking on the highs

The outlook on EURUSD remains to be watched.
Find the link as updated on 17 May given the near term target has reach 10987 and at current day price tapped on 10887 which off 10880 as provided.
Tentative outlook at 12000

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The 12000 region and overhead 12525 would be some selling taking place.

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Testing 11888 on close

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Next region at 13444

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Eurusd
Expecting eurusd to further weaken forward but of cos rally is highly potential to 16-700. On the long term view is approximate 11200. Something to watch for is not to rally above 17800 which may change the course.

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At the moment, based off daily TF the trajectory upwards tentative to pass 11400.
The dollar to be watched, as its at a important timing and could pose a reverse relationship erase past gain.

SimplyFxCharts

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by SimplyFxCharts

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