themarketzone

Completed the pullback the pullback - Maybe heading to 1.1 now

FX:EURUSD   Euro / U.S. Dollar
The pullback I wrote about in the Weekly Markets Analysis ( http://goo.gl/XFmdhN ) maybe over as $EURUSD rallied back to the 200 SMA line and found resistance.
Now, we have potential short term bearish setup as I expect EURUSD             to reach 1.11 or 1.1 which are this week's buy zone.
1.1 is still a major structure zone and that's where the price will meet also the new uptrend line $EURUSD has been generating over the last few months.

Bearish - 1.13 to 1.11
Bullish - 1.11 (1.1) - 1.14
1.11 attained.
Reply
Nice reversal today. Looking forwards to the ECB press conference that could sent EURUSD towards the target levels
Reply
IvanLabrie PRO themarketzone
Excellent.
I agree 40-70%. More would be unrealistic :D
+1 Reply
Basically, same view.
+1 Reply
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