Following last nights 61.8 Target 2 confirmation of the bearish bat, we find support at the 88.6 below target 2. Price is expected to rally up as we come into the full force of US Session to about an 88.6 from X-C following a 1.618 extension from the XA leg to confirm for a Bullish Deep Crab, a very volatile harmonic. Look for as many as 10-20 pips of volatility at D following by a very abrupt rally into the 38.2 into the 61.8 for a full confirmation of target.
Watch for any news that could negatively affect the Euro Dollar in its move to the new highs.
Watch for any news that could negatively affect the Euro Dollar in its move to the new highs.
