EuroMotif

EUR.USD should bounce a bit, but looks headed to Lower Lows

FX:EURUSD   Euro / U.S. Dollar
Part of my ongoing analysis of EU movements, see links below.

EU just lost a key support zone that was essentially Bulls' Last Stand.
There are two more supports nearby, either of which could bounce.
But the velocity and momentum of the wave point to a lower low.

$ 1.1008 - 1.1010 is Key, break above reduces odds of lower lows.
$ 1.0999 - 1.1001 is next Support, which bulls are trying to hold.
$ 1.0981 - 1.0982 could form Double Bottom, but unlikely to hold.

$ 1.09648 - 1.09658 is my Best Guess for the Final Target

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See my Previous Analysis (click links below):
1.100 Key Support
1.116 TP into Short (profits both ways)
1.109 Bounce call
1.070 Bounce call
1.125 Short call (massive profits)
1.119 Bounce Plot (better than expected)
1.131 Short call (pin point accurate)
1.118 Long call (scalp that ran hard)
1.240 Short call (the very tip-top a year ago)

Of course, I have had total FAILS on some plots also, not going to pretend.
But my plans offer PRECISE entries, TIGHT stops, and EXACT take profits.
Precision is the way of the Fib. Almost every turn happens at a Fib Line.

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