dsorchestra90

Possible long term EUR/USD Setup

FX:EURUSD   Euro / Dollar AS
Draghi jaw boning or further QE could put the immediate moves into question.. From just reading the char however, the euro seems to be staging a relief rally (MACD about to cross bullish, oversold yet recovering RSI, bottoming out Coppock curve. Over-head resistance sits ~1.25, where I think EUR will fail and reverse, break thru parity, and sink test the all time low of ~.85

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