W39 Roadmap no change, still targeting point BPoint B, probably around 1.1000. 1.1120 is key support zone, if it fails to support then 1.1000 would be in matter of a day or two
Roadmap
W38 Adjusted big picture, re-testing 1.0500 by end of year?It's about 3 months plus to the end of the year. Would we see 1.0500 for FX:EURUSD soon? We are about 700pips off from this low. 1.1100 is now the key support. If broken, we are looking at point B which is around 1.1000. Then we shall see how the market consolidates to form point C and eventually a big break to go all the way to point D.
W38 Changing to upward bias, 1.1320 in sightAt the beginning of week, it was still a downward bias. Just hope that price does not get stuck in the current range of 1.1200 to 1.1250. i.e. a nice break above 1.1250, should help to propel EURUSD to "1.1320" or even higher.
Upcoming news impact:
A potential rate hike at the Sept. 20-21 Federal Open Market Committee (FOMC) meeting.
W38 Loud and clear call for SellFX:AUDUSD is going into the Sell zone. Start getting into sell positions for longer term (2-10 weeks) traders.
