We have published our forecast and trade idea last week and the price reached our second target. We have generated 70 pips so far.
However, the real game has just started.
Looking at the , we see a few important points to underline.
The false breakout after the broken is indicating that the Euro bull has run out of power.
Price ended below 50,100 and 200. – On the H4 chart, we have a Golden Cross as well –
The short-term is broken. – You can see it on the H4 Chart clearly –
Keeping Brexit in my mind, we put our target levels as follows:
For This Week
0.87900 – 0.87580 and 0.87300
Pullback Levels to use as selling opportunities are 0.88500 and 0.88700
61.80 % 0.86800 which has been tested three times before is the key level. Breakout of this strong support will lead the price 0.86000 and 0.85350.
DISCLAIMER: This is a study, not an advice or recommendation to invest money on.