Euro 6E - Breakout

I'm sure the Europeans will be excited to wake up and see the the Euro is out of the basement.

Of course makes sense that this would happen while they're all sleeping. Thanks Asian session buyer?!

Down channel is now broken.

After pausing at a Point of Control (not viewable 6 hr chart) - its picked up steam and heading to towards this POC only viewable on 6 hour + chart. Which is also at the .382 Fib.

This is the easy target - as these things go, they always go further than you could expect so moving up to the High Volume Node is not out of the question sitting at $1.17490.

This is a good spot for rejection - as its median price on this chart.

There is higher target higher at 1.17980 - that seems far off. But hey you never know, bias doesn't help much in trading.

This last move has been quick and sneaky.

Note

Well that was it - .386 Fib & sell sell sell

Maximilianned

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Maximilianned