TeePeeFX

Will the channel bottom hold out?

Short
FX:EURUSD   Euro / U.S. Dollar
Nice and simple setup, but this means nothing until the channel bottom is taken out. Longterm my bias on this is still long, across the majority of EUR pairs. We are still long on EJ & this pair since May.
We could easily see another push to the channel top which would definitely give the targets a move with it. The targets are in no way concrete , especially if we do not see a break early this coming week.

Comments

The bottom won't hold, my opinion.
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