themarketzone
Long

Testing trading range lows

FX:EURUSD   Euro/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)
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