EURUSD continues to remain in the inversion phase of distribution. Any continuation and break through near-term resistance @ 1.1745 gives way to a break out to upside levels not seen since late 2014. With 1.19019 as our first area to test.
Failure to break higher exposed near-term retrace towards 1.15 handle where excess liquidity lies from the break higher during the summer.
Resistance 1.1831 -1.18884
Inflection : 1.1673
Support: 1.159991
Failure to break higher exposed near-term retrace towards 1.15 handle where excess liquidity lies from the break higher during the summer.
Resistance 1.1831 -1.18884
Inflection : 1.1673
Support: 1.159991