Notice the Magenta Line in the Middle of the Chart. That is the Exact Center of
the Entire Eurodollar Market. Many will after the all time high price never crossed
Closed below the Magenta Line because of Supply n Demand.
How about that Magenta Line just being a balance point,
If price does close below it the Euro will Probably Crash/
And that I feel is why...
I wouldn't expect upward movement to really start till at least the London Session, if not the NY Session.
The Purple Lines are Upside Targets.
Price Hit a Significant Demand Level on a Weekly Chart As Well.