EUR/USD Weekly Range Cloning Analysis
I'm using the Fib tool to divide Clones into 1/4s makes it easier to draw intermediate price targets within Clones and automatically we get price points on the chart. Price action over the previous 2 weeks and this week so far suggests further upside but likely we get a short term pull back possibly to top of reference range. If current bullish action continues next target is 50% of Clone A. Break below reference range price could test S1 or 1/4 of range.
As usual with many of my Clone charts, it's interesting where some of the Clone targets line up with historical turning points. 50% of Clone C lines up with double top of 2014.Look further up and you see that 50% of Clone D matches the top of 2011. Other technical analysis is suggested as a confirmation to Cloning.
As usual with many of my Clone charts, it's interesting where some of the Clone targets line up with historical turning points. 50% of Clone C lines up with double top of 2014.Look further up and you see that 50% of Clone D matches the top of 2011. Other technical analysis is suggested as a confirmation to Cloning.
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