The EURUSD seems to have hit the bottom of the fibb / trendline and tested. (bar closed near the bottom) Still waiting for confirmation (probably tomorrow), to see the price go further upwards. I will put in a buy order with a small s/l lets see what happens!
I would be very happy if it touches 1.1045 area, there might be a chance of reversal from that area. target would be 150pips
muskyfx
⋅
I've published a new idea on EURUSD a little more detailed, i think what you described is stil valid. The Support lvl has been tested several times now, i wont be surprised if it breaks thru it and touches even lower then 1.1045 but based on the technical indicators i would say when it does enter a long position. Also keep an eye on the news (BREXIT) and maybe put some positions in CHF or USD thats pretty much a safe haven when a brexit would be announced. Reference: exchangerates.org.uk/news/14783/chf-gbp-eur-swiss-franc-pound-euro-ecb-moodys-brexit-exchange-rates.html