EURUSD Action plan

Pattern: Channel Down on monthly since June 2018.

Signal: (a) Bullish as long as 1.06500 holds, (b) Bearish if it breaks (potential pattern breakdown symmetrical to the break upwards earlier this month).

Target: (a) 1.08500 (potential contact with the 1D MA50 (b) 1.04100 (the -2.40% decline similar to the +2.40% outside of the pattern occurred in May 6th).


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