Bullish trend to new maximum or just a big correction to search a new min below 0.95? Both scenarios are possible and entire depend on FED's and BCE monetary policy. COT shows more long than short for non comercials.
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Looks great, better than expected. closing august above the july monthly candle low should now be really posible. The next important level would be closing at least with a daily candle above 1.1065 to confirm continuing bull run up to 1.1340
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It's still valid, but it doesn't look good anymore. It is quite likely that this bull run is over if it hits the pnr 1.0635
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Against all odds, this analysis is still valid and the US CPI was not enough to break the PNR line. ECB rates tomorrow. We'll see what happens
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Definitely not a flat 3-3-5 continuous correction but there is still a small chance for bulls. Stay tuned for the next Idea to be published soon