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DenisRisticFX

EURUSD: Downside Potential Within a Range

Euro / Dollar AS (FOREXCOM:EURUSD)  
DenisRisticFX Diupdate   
FOREXCOM:EURUSD   Euro / Dollar AS
Trend Analysis Chart Patterns
2
0
trendanalysis chartpattern
Like DXY, EURUSD is stuck within a range. Since EURUSD and DXY are negatively correlated, it would make sense for this market to head lower toward the 1.1260 level as DXY is expected to appreciate.
Komentar:
Objective 1, 1.1250 reached. Price continuing lower toward 1.1190 level. My projected timing was a little off by 3 days ahead.
Komentar:
EURUSD reached target 2 at 1.1180 level reaching toward target 2 low of 1.1120.
Trading ditutup: target tercapai:
EURUSD reached third and final target at 1.1120 level. Trade is closed out.

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