EURUSD: Downside Potential Within a Range

Like DXY, EURUSD is stuck within a range. Since EURUSD and DXY are negatively correlated, it would make sense for this market to head lower toward the 1.1260 level as DXY is expected to appreciate.

Comment:

Objective 1, 1.1250 reached. Price continuing lower toward 1.1190 level. My projected timing was a little off by 3 days ahead.

Comment:

EURUSD reached target 2 at 1.1180 level reaching toward target 2 low of 1.1120.

Trade closed: target reached:

EURUSD reached third and final target at 1.1120 level. Trade is closed out.