Long

EURUSD - Rally time!

By Acel

Updated

EURUSD can see a recovery during summer.

Note

First area of resistance at around 1.14.

Note

Denied at the projected resistance, so summer rally is canceled. Expecting more sideways into a last impulsive up before further downside.

Spoilers: bottom most likely below parity. Good luck day-trading this market.

Note

Also, not expecting it to go above 1.18 in the future after this structure, so the very long term positional trade is to the downside. Probably during Autumn or EOY.

Acel

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