EURUSD pair currently trades within my 1.1300 – 1.1360 initial target area due to the Bullish Systematical Triangle breakout (see my February 8th post). For the moment, I am waiting for a clearer picture before committing to any new long positions. Ideally, a price move above the 1.1360’s could support a further price advance towards the 1.1460- 1.1490 extended target. However, a daily close below the 1.1300 handle could open up the potential for a set back towards the 1.1060 – 1.0970 levels.
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Senior Currency Strategist
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