themarketzone
Long

Testing trading range lows

FX:EURUSD   Euro Fx/U.S. Dollar
$EURUSD suffered great losses last week as the Dollar Index             ( DXY             ) broke above the 100$ price zone with Yellen's help.
Now the Dollar Index             is testing the monthly 61.8 Fibonacci level (102$) and $EURUSD is testing 2015 lows - The bottom of a weekly trading range.
The harmonic pattern hasn't been violated yet and X will be tested as well.

Focus Zone - 1.05-1.06
Potential target zones - 1.075 and 1.08

Is the EURUSD             going to be a good buy towards 2017?
Read more about this setup and more in this week's newsletter (link in signature)
Weekly Newsletter - https://goo.gl/yzkFY6

Tomer J,
The Market Zone - You trading Edge
Visit my website - http://www.themarketzone.net/
Blog - http://www.themarketzone.net/?page_id=2371
Youtube - https://www.youtube.com/c/TheMarketZoneNet
Ideas Scripts Chart
United States
United Kingdom
India
España
Italia
Brasil
Россия
Türkiye
日本
한국
Home Stock Screener Economic Calendar How It Works Chart Features House Rules Moderators For the WEB Widgets Stock Charting Library Priority Support Feature Request Blog & News FAQ Help & Wiki Twitter
Private Messages Chat Ideas Published Followers Following Priority Support Public Profile Profile Settings Billing Sign Out