W38 Adjusted big picture, re-testing 1.0500 by end of year?
Updated
It's about 3 months plus to the end of the year. Would we see 1.0500 for 
EURUSD soon? We are about 700pips off from this low. 1.1100 is now the key support. If broken, we are looking at point B which is around 1.1000. Then we shall see how the market consolidates to form point C and eventually a big break to go all the way to point D.
EURUSD soon? We are about 700pips off from this low. 1.1100 is now the key support. If broken, we are looking at point B which is around 1.1000. Then we shall see how the market consolidates to form point C and eventually a big break to go all the way to point D.Note
News Impact:finance.yahoo.com/news/euro-weakness-may-forthcoming-ecb-014500812.html
Fundamental Forecast for Euro: Neutral
- EUR/USD has been lifted by weakness on the USD side, not strength on the EUR side.
- ECB President Draghi made clear
- Volatility in FX markets is due to rebound over the coming weeks – it’s a good time to review risk management principles.
Note
Roadmap still intact.
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