EURUSD IS EXTENDED IN PRICE AND NEEDS TO CONSOLIDATE, IT IS WITHIN A CONSOLIDATION ZONE
THEREFORE CANNOT RULE OUT BETWEEN 200-400 PIP CONSOLIDATION AND WILL THEN TARGET 12575 AND BEYOND.
A CONSOLIDATION OF MORE THAN 400 PIPS FROM 11895-12105 COULD TURN OUT TO BE COMPLEX AND INVALIDATE THE UPSIDE 12575 PRICE ZONE.
THIS MOVE IS STILL STRONG THEREFORE CAUTION IS WARRANTED TO THE DOWNSIDE.
THEREFORE CANNOT RULE OUT BETWEEN 200-400 PIP CONSOLIDATION AND WILL THEN TARGET 12575 AND BEYOND.
A CONSOLIDATION OF MORE THAN 400 PIPS FROM 11895-12105 COULD TURN OUT TO BE COMPLEX AND INVALIDATE THE UPSIDE 12575 PRICE ZONE.
THIS MOVE IS STILL STRONG THEREFORE CAUTION IS WARRANTED TO THE DOWNSIDE.
break below 11790 then 11400 probable downside support zone.