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EURUSD Ahead of GDP, a Change in the Course
There is a 4hr chart- pennant drawn through a recovery process as market bottomed in the first half of the month. This pennant, with parameters: support 20 & 24 Jun and resistance 19 & 24 Jun, has no more room to consolidate within, thus an explosion out of it is imminent.
Our previous analysis connoted a south move, while this one differs as a reciprocate wave is on the built. If you are with the bears, you may stay as long as you respect the exit scenario. While if you are on a stand-by or in the basket of the bull, this analysis may add extra support.
Because the pennant is made on a recovery note, the expectation of the explosion will lead the market higher. In anticipation of an abrupt dip, 1.3580 and the opening of today are perfect entries targeting 1.3665 as long as no close below 1.3560 is triggered (4hr chart).
***Rule to Remember: Gaining 20pips out of any free-signal is highly remarkable as such trades are not updated on time or ever.
EURUSD Ahead of GDP, a Change in the Course
There is a 4hr chart- pennant drawn through a recovery process as market bottomed in the first half of the month. This pennant, with parameters: support 20 & 24 Jun and resistance 19 & 24 Jun, has no more room to consolidate within, thus an explosion out of it is imminent.
Our previous analysis connoted a south move, while this one differs as a reciprocate wave is on the built. If you are with the bears, you may stay as long as you respect the exit scenario. While if you are on a stand-by or in the basket of the bull, this analysis may add extra support.
Because the pennant is made on a recovery note, the expectation of the explosion will lead the market higher. In anticipation of an abrupt dip, 1.3580 and the opening of today are perfect entries targeting 1.3665 as long as no close below 1.3560 is triggered (4hr chart).
***Rule to Remember: Gaining 20pips out of any free-signal is highly remarkable as such trades are not updated on time or ever.
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