TradingTie

Butterfly model Eurodollar starts

Short
FX:EURUSD   Euro / U.S. Dollar
In May Forexspecs.com expect decline of EURUSD pair. This Friday NFP data can spike pair up to levels over 1.1320. In medium term butterfly model is valid with long term target over 1.0300 area. Timing is only factor for right wing of butterfly can extend to 1.1320.

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