FX_Twist

EUR/USD attempting MTR. Trading range should follow !

FX:EURUSD   Euro / U.S. Dollar
117 1 7
Last 2 weeks eur/usd             have been trading down in broad bear channel , after election spike, forming wedge bottom at measured move target and double/trip bottom (on weekly chart). After a break of channel,we look for transition in trading-range ( TR             ) for 1-2 weeks. Break of the channel is transition from trend into trading range. Bulls will target previous lower high's and possibly the start of the bear channel .
Comment: Yesterday bears failed to break below trading-range, and made double bottom with nov 24 lows.Likely to test upper half of trading range now and reach some lower high bull targets which i highlighted in the chart.
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