EURUSD: Downside Potential Within a Range
Updated
Like DXY, EURUSD is stuck within a range. Since EURUSD and DXY are negatively correlated, it would make sense for this market to head lower toward the 1.1260 level as DXY is expected to appreciate.
Note
Objective 1, 1.1250 reached. Price continuing lower toward 1.1190 level. My projected timing was a little off by 3 days ahead.Note
EURUSD reached target 2 at 1.1180 level reaching toward target 2 low of 1.1120.Trade closed: target reached
EURUSD reached third and final target at 1.1120 level. Trade is closed out.
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