The Euro Zone Pair
Updated
EurUsd Rate - Looks set to continue onto Lower Low Rate as the week begins. With the monthly chart high registered in at the 38% bar high 1.1019 - I can only expect to see further decline within the Rate - within an out look towards nearer term pricing set at 1.0801 - stoploss remain`s in place over at last weeks at high 1.1019
Trade closed: target reached
Euro - EurUsd Rate Current low 1.0850 just short of 1.0801 Support Level - Expected Outcome is that Price will respect the Support Level mentioned and bounce towards New Term Highs at 1.1548 and 1.1435 is at 38% percent bar on the monthly chart cycle high.Stoploss placement again just below 1.0801 mark may require slight adjustment as the trade progresses.
Note
EurUsd Pair - Well the Price currently within A very tight Range at the moment but I do expect the Rate to utilize the advised Support Level at 1.0801 or move higher into the alternative level at 1.1548 the new or shorter term outcome for Pair - Current support level at low stands at 1.0880.Note
All strategies referred to by my-self incorporate the Fibonacci Extension Methodology so allowing for plenty of time whilst the Indexes are trending is very essential and will play out key towards finding the right outcome to the Currency Rates at the nominated Fibonacci Level. Lets Face It: We have arrived at Points A to B safely: Point C is where are followers come in. Between Point C this where I explain Secure Outcome and Take Profit Levels to our followers.
Trade closed: target reached
Extended Target High amounts only into 1.1156 at 200% bar which is the standard Rise in the rate at this time for the Price Structure - There is also an overbought value at 1.1224 which is at 241% bar high - So stop-loss should be placed just above the level giving the Price room to fluctuate.
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