We will be having a final showdown in Euro soon. I expect Italy election shall be a shocker and it shall set off chain reactions.
In overall, euro is still in the uptrend as long as the price is above 1.2350 and 1.2210 regions.
Markdown that 2 regions, and if the price breaks euro can come down very fast and hard. GBP movement on Brexit, remember?
I will not stand with Bull and turn into BEAR by then.
The next support will be at 1.17 which is about 400+ pips away.
So, please be on your mark. It is going to be EPIC I suppose.
Trade Safe
s0nic
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Euro has more than 1 reasons to make a comeback yesterday.
* It is a swing low area where a lot of Longs' SLs are hidden near 1.215. * There is not any bad about Euro yet, The real show is on Sunday.
So what now? Moving Forward. To me, It is bearish to me
1. Now Daily PA is decently bullish now. 2. It can swing back to 1.2350 and 1.2420 regions.
It is where I expect the market to meet strong resistant and turn bear again. I will wait there.