I THINK I CAN
I think I can, I think I can. Just like the little steam train, EUR/USD is trying hard to climb the hill created by Tuesday's BIG sell off. The pair remains in the middle of no man's land however and directional bias is a difficult commodity to take on board. I return to my longer term Bullish outlook and therefore will look to 1.1625 to provide Support and send EUR/USD back in search of 1.1800. Downside alternatives are there of course and failed Support below 1.1609 could see the pair back at 1.1500 by week's end. I'll tackle THAT scenario if and when it presents - in a few months with any luck!!
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