EURUSD can see a recovery during summer.
Note
First area of resistance at around 1.14.Note
Denied at the projected resistance, so summer rally is canceled. Expecting more sideways into a last impulsive up before further downside.Spoilers: bottom most likely below parity. Good luck day-trading this market.
Note
Also, not expecting it to go above 1.18 in the future after this structure, so the very long term positional trade is to the downside. Probably during Autumn or EOY.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.