The EURO has moved from 1.11 + to 1.19 + , and last week entered into consolidation between 1.17 and 1.19.
It would seem appropriate after such a big move ( even going back to 1.07) , that price will consolidate.
For the coming week, price may continue to fluctuate between the stated levels.
Opportunities are only considered for a long ( all MAV;s from 4-200 are aligned to the upside) .
Moreso, looking for price to test the Monthly Pivot and 20 MAV.
Consideration is given for potential long
1. Enter - around 1.1550 ( .50 fib retracement level)
2. Target - around 1.23 ( Near Monthly R2 pivot)
3. Stop - around 1.1310 ( Below 50 MAV and monthly S1 pivot, 2 + ATR )
4. RR = 3 ....
It would seem appropriate after such a big move ( even going back to 1.07) , that price will consolidate.
For the coming week, price may continue to fluctuate between the stated levels.
Opportunities are only considered for a long ( all MAV;s from 4-200 are aligned to the upside) .
Moreso, looking for price to test the Monthly Pivot and 20 MAV.
Consideration is given for potential long
1. Enter - around 1.1550 ( .50 fib retracement level)
2. Target - around 1.23 ( Near Monthly R2 pivot)
3. Stop - around 1.1310 ( Below 50 MAV and monthly S1 pivot, 2 + ATR )
4. RR = 3 ....