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entropycapital

Euro Range : This will be resolved soon

Euro / U.S. Dollar (FX:EURUSD)  
entropycapital Updated   
FX:EURUSD   Euro / U.S. Dollar
Beyond Technical Analysis Trend Lines euro dollar crisis Coronavirus (COVID-19) ITALY
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beyondta trendline euro dollar crisis coronavirus italy
EURUSD has been trading in relatively tight range - this range will be resolved as dollar direction after this crisis becomes clear. Expect 1.05-1.15 to be neutral with a break sub 1.05 indicating parity if not break sub 1. Trigger will be the situation in Italy and the support (or lack thereof) by the EU.
Comment:
Still in that tight painful range - a large move is imminent
Comment:
1.13 is critical
Comment:
Post the EU recovery fund agreement I expect to see difficulty breaking 1.15 (buy rumour sell the news)
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