Hey, so I don't quite understand what order of events you think the price is going to move in.
small up from here, retrace/corrective, then down to the 1.05x low?
or, bigger up from here, then the low.
or, the low, then big up.
also, your other long term chart has targets nearly at 0.85 if I remember right?
I'm long here, looking to see how it evolves.. possible 1.12 region if we get momentum, then reassess.
LevRidge
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The ARC on this chart was the decision point on eu for me. It hit a perfect geometric spot and I mean to the pip and sharply moved the other way..
The chart is saying IF eu can break that arc THEN .05 and lower is possible but it appears the ARC was strong enough to hold.. so I've been bullish eu since the bounce.
G_Man
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thanks for clarifying - nice work as always ;)
In at 1.069, looks very double bottom/inverse head and shoulders, and other dollar pairs seem to be giving reversal signals as well. Hopefully it stops spiking around at resistance and makes the clear break
LevRidge
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eu broke last hope (the arc) going below parity I believe...