So I haven't done any long term analysis on the Euro as of yet, but I did notice two potential patterns that are setting up. One and the other . Which makes perfect sense if you think about it since this pair as been in consolidation and consolidation breeds pattern trading opportunities.
I'll keep you guys updated each day this week on how my thought process had changed and if I ended up entering a position or not. Speaking of positions, your you guys that were following me last week with my GBPUSD analysis, i did end up entering long this morning down at 1.5810's. I'm looking for an initial bounce to 1.5850's and if we can continue to see GBPUSD strength after that, well let's say that I'll be a very happy camper.
Talk to you guys throughout the week!
Akil Stokes (@AkilStokesRTM)
Chief Currency Analyst at http://www.TradeEmpowered.com
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