EURUSD ABCD Patter Plan 7/8/2018
EUR/USD seems to be completing an ABC pattern. We are
watching both the 38.2% and 50% retracement as they are
near Monthly Support 1.1660 which is holding well. If these
retracement levels hold this will launch price to a new high
territory near D1 Target 1.3150. We can expect price to
hault as there as we will be at a Monthly Resistance level of1.3200.
If these retracement levels hold activae a buy order and place stop loss on 4HR/2Hr chart 10-15 pips above Resistance
line 78.6% with a take profit of 10-15 pips before D1 Target.
watching both the 38.2% and 50% retracement as they are
near Monthly Support 1.1660 which is holding well. If these
retracement levels hold this will launch price to a new high
territory near D1 Target 1.3150. We can expect price to
hault as there as we will be at a Monthly Resistance level of1.3200.
If these retracement levels hold activae a buy order and place stop loss on 4HR/2Hr chart 10-15 pips above Resistance
line 78.6% with a take profit of 10-15 pips before D1 Target.
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