Monday, June 26, 2017

As above so below

Displayed is a daily chart of the EUR/USD on the daily time frame Current price sits at 1.11808 and I am anticipating a drop here - the dollar index looks ripe for a run higher and in this snapshot you can see the series of lower highs and lower lows. I have adapted the image to include opportunities for both long and short, the zones referenced here favor short term buyers at 1.11338 and 1.11443, the first shaded green zone.

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