The ellipse shaped area has almost same Candle patterns with respect to Pips/Days, around 200 EMA, Last time it was for bottom 1.13 and it continues from there...but this time will this bull continue or it will fall hard from here??? that is big qustion....
On 4h chart I do not see similar corrections and I belive, first market move has nothing in common with present marked move. Cheers
nightfoxFX
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I am looking for down.
Gagnon
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It will move down to 1.12
DevangPanchasara
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@Gagnon, yeah, i think that too... but Im in doubt how much upside it will have before downside from current range?? do you have any thought about it.... from my charts I can see 1.147 Last high is the most high before reversal.....if you have any other input you are welcome
@DevangPanchasara, if it does not reach 1.14100 before ECB Monetary Policy Meeting Accounts, so there will be no way. Seeing how it moves, surely downside is not so far.