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themarketzone
Sep 1, 2015 1:34 PM

Completed the pullback the pullback - Maybe heading to 1.1 now 

Euro Fx/U.S. DollarFXCM

Description

The pullback I wrote about in the Weekly Markets Analysis ( 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
Comments
IvanLabrie
Basically, same view.
themarketzone
1.11 attained.
themarketzone
Nice reversal today. Looking forwards to the ECB press conference that could sent EURUSD towards the target levels
IvanLabrie
Excellent.
I agree 40-70%. More would be unrealistic :D
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