EURUSD can see a recovery during summer.
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First area of resistance at around 1.14.
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Denied at the projected resistance, so summer rally is canceled. Expecting more sideways into a last impulsive up before further downside.
Spoilers: bottom most likely below parity. Good luck day-trading this market.
Spoilers: bottom most likely below parity. Good luck day-trading this market.
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Also, not expecting it to go above 1.18 in the future after this structure, so the very long term positional trade is to the downside. Probably during Autumn or EOY.