Killy_Mel
Long

MACRO VIEW: MORE EURUSD UPSIDE IS PROBABLE

FX_IDC:EURUSD   EURO / US DOLLAR
EURUSD             has broken above 1st standard deviation from quarterly mean (66 days) amid expanding volatility (measured by 3.2 standard deviations from quarterly mean)

Upside probability is apparent, and the closes target is 1 year mean (264 days) at 1.1685. Move is confirmed when price breaks above relevant highs (1.1485)

Stop level is quarterly mean (at 1.1085)

However one should watch out for oil             trend. If WTI oil             keeps falling, EUR is likely to follow (as happened back in 2014 autumn)
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