DailyOptionTrader

EURUSD some upside potential in short term

FX:EURUSD   Euro Fx/U.S. Dollar
70 3 1
It seems that EURUSD             could have some upside steam after breaking out of long lived consolidation pattern. As the mid-long term downtreand must be assumed, the pair could find some bid. Any close below the recent triangle would suggest further decline.
EURUSD reversed into the recent flag. The upside could be limited.
Any break with the firm close below 1.24000 would suggest more decline.
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Played out nicely. More downside to come. Break of 1.260 would suggest more strength.
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Played out like a charm!
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