Euro potentially breaking range, long-term correction.
I have been short multiple times on this range, not even willing to close most of my position on these bounces, because of my confidence in the Euro drop to 1.2000 and possibly 1.1700.
I also called the bottom at 1.0540 last year with a 1.20 target. The 1.25 became more clear after Summer 2017. Now, a pullback is expected before the next leg higher, sending Euro well above 1.30.
This is difficult to predict, and we will need to see when a base is formed on daily/weekly charts showing a longer term continuation of Euro moving higher.
I also called the bottom at 1.0540 last year with a 1.20 target. The 1.25 became more clear after Summer 2017. Now, a pullback is expected before the next leg higher, sending Euro well above 1.30.
This is difficult to predict, and we will need to see when a base is formed on daily/weekly charts showing a longer term continuation of Euro moving higher.
כתב ויתור
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