Despite the previous day's rally to the lowerside, Euro is still pretty much bullish. As it is right now, we expect nothing but a possible momentum to the upperside. We're actually looking for a possible long term buy position towards the level 1.18070 and may extend much higher towards 1.19055 and could continue much higher. If you are on this chart right now, keep looking for low risk buy positions, below the previous day's lowest low could push the price much lower with the next ideal target set around 1.16835 and count continue lower.
Trade Recommendations:
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The author's opinion reflects their personal view and is not an investment recommendation. The company is not responsible for any trading results based on the provided analytical data.
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Bob Stan
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