EURUSD: Another Counter-Rally prior to decline to 1.1915 Target
Having made the counter-rally back to the upper parallel EUR has continued its expected down-trend. It's now touching the next support line at 1.2027 and likley to make another small counter rally to 1.2067 and at highest to 1.2094 before it falls away again to the 1.1915 downside target towards mid May.
Having made the counter-rally back to the upper parallel EUR has continued its expected down-trend. It's now touching the next support line at 1.2027 and likley to make another small counter rally to 1.2067 and at highest to 1.2094 before it falls away again to the 1.1915 downside target towards mid May.
註釋
EURUSDThe low so far is 1.2026 - just one pip under the line as we head into US open.
It's hanging around at the lower levels waiting to see if any support arrives from there as it wakes for the new day.
And if it doesn't arrive very soon now at current levels then any hoped-for counter-rally is doomed .
A break below 1.2027 by more than 5 pips will trigger further weakness down to the lower parallel and 1.1915 fixed support with stops above 1.2045 when triggered
註釋
EURUSDAfter another rally back to the upper parallel precisely EUR
has fallen to the target at 1.1915 after an intra-day low at
1.1910.
It should now attempt a feeble rally back to 1.1946 and the
upper parallel at best before it falls away again. And unless it
can find a double bottom at 1.1910 when it next comes off
the likelihood remains that it will decline further still over the
more medium term in stages to 1.1880 then 1.1815 and finally
to 1.1721
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