However, this possible could send this pair back up to test the .
This scenario is backed up by possible support from the monthly up and possible support from the March low level around 1.0460 (stops below that level!).
In case this setup fails I will be looking for reversal signs at the PRZ's of a possible or , but be cautious since then we will be below that longterm ánd the March low, which would be extremely bearish!!
Beyond that the next stop is without a doubt parity...!
Exactly where the ECB would like the EURO to go so watch Draghi and Yellen speeches and PA reactions closely in the coming weeks folks!
Updated view here: