FullTimeTrader
Long

EURUSD-cup and handle pattern

FX:EURUSD   Euro / U.S. Dollar
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4
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Very interesting pattern near 1.1000 level.
IF price brokes the handle and holds above it can start a rally to reach 1.15000
According to my W1 analisis its very possible.
I'll be watching the price action closely.

Best regards.
My plan is stick with the bears. Indicators and fundamental indexes shown the downtrend is still intact with major support on 1.05100 and expected target arround the 0.95100 area. Short term retracement with target arround 1.10500 has been hit and clear signs of market reversal (or trend continuation) are imminent. Go bears jeej! (btw if your right my stops will f*ck up my weekend :P)
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The DXY is going south in the same proportion with a strong support at 96.42. Let see what is next. Cheers
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