DislikedEU 4hr
The next move should be back to touch the green highs (around 1.3300), after that it should be easy enough to determine whether price will remain bullish or turn bearish by looking at the monthly close.Ignored
Is there any condition for price to reach back to the other end of the range of a certain timeframe? According to my calculation, Cable has not gone back to the the other side of 3-w range since the new year, actually didn't even really cross the midpoint. Aussie also has past history that it stayed on one side of the 3-w midpoint for a long stretch of time. Is there any reason that you are looking for the other side of the range to complete the pattern? Thank you.
On Euro, the full halfway back at around 1.2880 or 1.29 zone seems to be an area that many are eyeing on, and a potential of repeat of 2010 pattern. Whether the low is here or another 100 pips down, I would favour a bigger and decent retrace, possibly starting from March.