Here to kick the week off with the first moves we have buyers choosing to defend the 1.207x bids, protecting the and relieving the channel structure of this duty so that it can become a bit more appealing possibly for a slingshot. The next moves higher in EURUSD can be the start of a swing that cracks the 2018 highs.
Sellers have missed the proper moment to get in contact with the stops below the support. If the position were with Pound, on the other hand, the win for buyers would be much more difficult, whereas now euro follows on its own logically defined map. UK is at the heart of the matter of fundamental impacts around Brexit, the euro will be considered a stepping stone for UK outflows as sharp speculators and large macro hands evacuate through the flanks to avoid getting caught up with BOE -ve rates. To the topside 1.212x remains a 🔑 level with initial targets found above at 1.222x and 1.230x while invalidation comes from a sustained breach below support.
Thanks as usual for keeping the feedback coming 👍 or 👎
i think it's too early for 1.30 in 2021.
but i see 1.40+ in 3 years. ^^