$EURUSD suffered great losses last week as the Dollar Index (DXY) broke above the 100$ price zone with Yellen's help.
Now the Dollar Index is testing the monthly 61.8 Fibonacci level (102$) and $EURUSD is testing 2015 lows - The bottom of a weekly trading range.
The harmonic pattern hasn't been violated yet and X will be tested as well.
Focus Zone - 1.05-1.06
Potential target zones - 1.075 and 1.08
Is the EURUSD going to be a good buy towards 2017?
Read more about this setup and more in this week's newsletter (link in signature)
Now the Dollar Index is testing the monthly 61.8 Fibonacci level (102$) and $EURUSD is testing 2015 lows - The bottom of a weekly trading range.
The harmonic pattern hasn't been violated yet and X will be tested as well.
Focus Zone - 1.05-1.06
Potential target zones - 1.075 and 1.08
Is the EURUSD going to be a good buy towards 2017?
Read more about this setup and more in this week's newsletter (link in signature)
