TheBanker

at the right price i'll buy anything (except euros) 2/2

Short
FX_IDC:EURUSD   Euro / U.S. Dollar
daily chart of eurusd showing the descending channel mentioned in the previous monthly post (see attached). 1.0465/1.0510 will be an immediate hurdle while 1.0665 should cap near term upside.

Very short term the pair is likely to drift towards 1.03 projections. In the event of a break below 1.03 EURUSD will face an extended correction towards multiyear down slowing channel limit at 1.0180 and most importantly the psychological level we are all looking at 1.00


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