EUR/USD attempting MTR. Trading range should follow !
Updated
Last 2 weeks eur/usd have been trading down in broad bear channel, after election spike, forming wedge bottom at measured move target and double/trip bottom (on weekly chart). After a break of channel,we look for transition in trading-range (TR) for 1-2 weeks. Break of the channel is transition from trend into trading range. Bulls will target previous lower high's and possibly the start of the bear channel.
Note
Yesterday bears failed to break below trading-range, and made double bottom with nov 24 lows.Likely to test upper half of trading range now and reach some lower high bull targets which i highlighted in the chart.Note
They they it's all talking... doubt me now...doubt me now.
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