Euro is in a downtrend with lower highs not taken out. There is recent support though at 1.128 and a near double bottom at 1.122. If price respects support the upside could be quite large as psych levels can reach 1.4 and beyond. Targets on the way to that are 1.30, 1.32, 1.34 and 1.36. If the previous LH holds and we can break 1.122 then we could see 1.12, 1.116. and 1.112. There is also a gap that was never filled at 1.08 so overall downtrend could continue to reach that. Personally i am still bearish and believe we can go lower but i will remain fluid and see how price reacts at these levels.
Comment:
1.128 broke so I see upside targets due. This is a B leg up so further C will be targets mentioned nearing the gap. This b leg has lots of potential
Comment:
yawn
Comment:
Broke above and hit target two and used it as support. 1.143 wasn't able to be hit after a good run and we came back to support. 1.136 needs to be broken for bearish