have euro long 1.1414 targeting 1.1495 mental stop around 1.1389
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Re: EurUsd short term 15 replies
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Disliked{quote} a little complication... this abc is tuning into an a - (expandet)flat as b - c zigzag {image}Ignored
For the ST, in EURUSD :
I think 1.155x is the one to track. Breaking up that level, bulls will reverse the downtrend on daily and will unlock the top of the ST range 1.182x with 1.164x and 1.170x as intermediate targets. It will probably leave a wide chop zone [1.12 ; 1.18] until we know which one of the currency will make the biggest noise with the WW slowdown in the MT. My call is USD has more margin to the downside.
For 1.155x, I think it's very simple. It just depends if markets finally read FED as very dovish ; otherwise it's just more chop in [1.12 - 1.155x] until Macro Data start to disappoint in the US.