EURYEN - Update

EURYEN has scaled up from a low of 115 to a present 125. The bias is presently to long the Euro , with all daily MAV;s reset in line ( since 8th July) .

Entry for a long could be on this present daily candle bar.

Targets are set for the longer term on the weekly chart.

The first target is

1. 1.27 - which is the next swing resistance ( and 1.27 fib extension of current move up)

2. 1.32 - the next swing move up ( an 1.618 fib extension) ###### the current focus target.

3. 1.37 - the swing high of 2018 ( not really considered presently)


The point of invalidation is sitting at 120 , the current swing low. The RR is conservative at 2....

A high risk stop is below 123..... would promote a high RR....