So if you've been following my work then you know that I've been very bearish the EURUSD ever since the break of the larger head and shoulders top on the Daily chart. My longer-term projection is that we'll see a move down to the $110-108 levels, however the first target level that we've been watching was at $113.
There bearish momentum has started to slow and it's now looking as if we may see a relief rally in the near future. A violation of the 1.1340's level would confirm that for me and IF that were the case THEN I'd bee looking for the EURUSD to retest the $115 level before potentially continuing lower once again.
Akil
"So Excited for both the Premier League to be starting up & for the NFL to be coming Soon!"
There bearish momentum has started to slow and it's now looking as if we may see a relief rally in the near future. A violation of the 1.1340's level would confirm that for me and IF that were the case THEN I'd bee looking for the EURUSD to retest the $115 level before potentially continuing lower once again.
Akil
"So Excited for both the Premier League to be starting up & for the NFL to be coming Soon!"
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