FX:EURUSD Euro Fx/U.S. Dollar
Trendlines are coming from 6-8 months past. I really don't expect any price above 1,1060 band (+-20pips) That would be the perfect short point. Double the short if we see 1,1060. I'm not sure how fast we gonna see the 1,0480 band. So i draw them based on historical trendlines.I don't think it would be faster than this. We are at the end of the short trend i believe, so this kind of movement would show the final accumulation phase. Many traders will be selling under 1,0495 thinking it breakdown targeting the 1,02 or more! But again this should be the final accumulation phase on my calculations!