EUR has been written off by many. But I am not sure about that. May be it is CAD in real trouble or may be EUR might have trick up it's sleeve, or may be bit of both.
But leaving bias aside and preconceived ideas, I smell a massive swing trade to the long side with potential upside target in the range of 1.61 as it continue to carve out what looks to be a large ending diagonal or Falling Wedge.
Almost inverse of CADCHF
Choose to follow me and the chart for further updates. Do you have an alternative view, share it with me.
I agree, and am swing/ position long this pair and the eurgbp for over a month now! if it comes off as you say my last target will get hit and I would likely look to short back down around the 1.62-1.68 level if there is a setup at the time
nice article...
DanV
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Here is a close up daily chart
Recluse82
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is this long setup this valid? my tp also above 1,60
nice article...