Food4Thought
Long

Harmonic Transition

FX:EURUSD   Euro / U.S. Dollar
647 4 2
The lows have held thus far despite the weak morning data. This pattern looks to be playing out following the previous harmonic reaching a potential reversal target at 1.2935. Should the lows from this morning hold then this pattern has a strong possibility to push towards the marked upside targets.
This pattern has failed definitively. This link shows the bigger picture harmonic unfolding, along with new downside targets.
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Transitioning into a double bottom play based on the slow price action, stop is super tight just below the recent low. As a precaution a binary hedge to protect the bottom should work well here in case of an abrupt drop.
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This pattern has technically been breached with XA failing to hold price action.
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