Euro Swings Wildly Intraday
Prepared by Jamie Saettele
The dominant pattern is the 3 wave rally from 11875 which is bearish. On a net basis, the EURUSD hasn’t gone anywhere for several months and price is in the center of its 4 month range. I honestly have no idea which way the EURUSD is going next. As long as price is below 13861 (February high), I am bearish but the decline from 13861 is not an impulse at this point so price could very well exceed that level. Coming under 13427 would increase confidence in the downside (confidence is certainly lacking now).
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