The spectacular USD moves at the start of the week filled multiple really big levels.
One of these is the weekly butterfly in the EURUSD. This could set up a really big retracement and even reverse the overall trend in EURUSD.
This is a really big decision level. If the butterfly fails we'll probably see extreme capitulate style selling in EURUSD for a while - but I think the better odds are on the long for the moment. Dollar really is very extended
EURUSD got significanrly close to the longer term swing target during that last drop.
One of these is the weekly butterfly in the EURUSD. This could set up a really big retracement and even reverse the overall trend in EURUSD.
This is a really big decision level. If the butterfly fails we'll probably see extreme capitulate style selling in EURUSD for a while - but I think the better odds are on the long for the moment. Dollar really is very extended
EURUSD got significanrly close to the longer term swing target during that last drop.
Comment:
Half profits taken and stops to even.
Comment:
Big bounce but might go lower.
