09 August 2017
EURUSD retracing some of last week's gains & now holding below support at 1.1775/70 is more negative of course. We target 1.1730/26 before a buying opportunity at 1.1685/80. Try longs with stops below 1.1640.
First resistance at 1.1770/75 but shorts here need stops above 1.1810. A break higher allows a recovery to 1.1875/80 before the 1.0909 high. I don't think we can break above here this week. However be ready to buy an unexpected break above 1.1925 targeting 1.1975/80 & 1.2020/25.
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