1.13 remains critical
=> As expected EURUSD has been under severe pressure and it is possible that we are ready to complete the C leg of an ABC from August.
=> If this technical perspective is correct we can reach as high as 1.18 whilst still remaining on path towards 1.05xx.
=> Here looking to sell either a break of the current lows (if confirmed with a weekly close below) or buy the advance towards 1.180x.
=> Also keeping an eye on the DXY as we look close to resuming its underlying downtrend, forming yet another 5 wave down (chart update there coming in a few).
=> Good luck to all those trading this one live...
=> If this technical perspective is correct we can reach as high as 1.18 whilst still remaining on path towards 1.05xx.
=> Here looking to sell either a break of the current lows (if confirmed with a weekly close below) or buy the advance towards 1.180x.
=> Also keeping an eye on the DXY as we look close to resuming its underlying downtrend, forming yet another 5 wave down (chart update there coming in a few).
=> Good luck to all those trading this one live...
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Feragatname
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