From a COT perspective the EUR is at record high long contract sizes and we can expect that price continues its bullish movement for a second top near 1.09000.
Right now price broke below the channel, but demand pressure is expected to kick in near 1.07450. Our TP level will be the upper trendline of the channel and the daily critical area at 1.08500.
Happy trading!
Right now price broke below the channel, but demand pressure is expected to kick in near 1.07450. Our TP level will be the upper trendline of the channel and the daily critical area at 1.08500.
Happy trading!