Umbrella
Long

Possible consolidation in the next few months

FX:EURUSD   Euro / U.S. Dollar
343 views
1
I don't think EUR came all the up from 1.2040 just to go back down again in a short period of time. There is no foreseen immediate negative news from ECB or Fed.
Expect at least some price consolidation in the next few months.
Range trading is recommended at the zones indicated above.

BUY 1.2600 to 1.2630
SELL 1.2880 to 1.2900

Comments

the price is fading from 1.28 mid-resist almost as expected
Reply
mid-resist 1.28 level hit. Let's see if it fades.
Reply
Price getting close to BUY ZONE
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