EURUSD CORRECTION & CONTINUATION LONG POSITION

13 באפר׳ 2018

The EURUSD is on a 10 year downward trend from the Global Recession back in '08. Coming down from a all time high of 1.60 to its level currently at 1.23-1.25. The fib levels have all been met with resistance all the way down as expected and now is climbing again from a brief consolidation at the 61.8% level. A brief climb to 1.25 is expected at the 38% then will continue to the 50% level of 1.31. Key support and resistance zones are to be noted at 123 & 126.8 (respectively). Look for a strong 1200+ pip gain to meet the TP3 level of 135.5 around December 2018. Conservative TP levels top out around 1.31.