Razvan

EURUSD - My Short Term Expectations

FX:EURUSD   Euro Fx/U.S. Dollar
450 0 8
So it rallied after it broke the symmetrical triangle and almost hit its target. This week opened with a negative gap which was partially closed. A local support has been set up around 1.3755/50. If the price will fall under this support then I believe the dip will continue all the way to 1.3700. On the other hand if the price will continue to rally (which I believe it is highly possible) and break 1.3815 than there is nothing to stop it until 1.3900 (maybe something around 1.3850)
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