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.
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Objective 1, 1.1250 reached. Price continuing lower toward 1.1190 level. My projected timing was a little off by 3 days ahead.
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EURUSD reached target 2 at 1.1180 level reaching toward target 2 low of 1.1120.
Trade closed: target reached
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EURUSD reached third and final target at 1.1120 level. Trade is closed out.