Acel

EURUSD - Rally time!

Long
Acel Updated   
FX:EURUSD   Euro / U.S. Dollar
EURUSD can see a recovery during summer.
Comment:
First area of resistance at around 1.14.
Comment:
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.
Comment:
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.

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.