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)
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.