EURO 10850 BREAK OUT... CONSOLIDATION OR HIGHER!!!
EURO boke out above R=10850-10890 & testing the 2nd R= 10910-10940(10926), From 10767 price is forming a channel and currently it is at the R=10910-10940 break above here then expect a retest of 10990-11020 and higher however for now price could consolidate to S=10850-10890.
The channel formation from 10767-10875-10785-10890-10789-10926(intraday high can extend higher) can be counted as 1,2,3,4,5/ a,b,c,d,e/wxyxz one can choose what they prefer.
Either a consolidation between 10850-10890 or break out above 10940 are both valid for now, depending on the out come trade accordingly.
If prices consolidate and break 10850 then expect 10800-10760 and even as low as 10720-10640, however if prices hold 10850-10890 then expect upside= 10990-11020 then T1= 11060-11100, T2= 11152-11210, T3= 11245-11300.
10727-11016-10767= 11058(100%),11139(127%),11238(162%).
10640-11147-10727= 11237(100%),11376(127%)
The channel formation from 10767-10875-10785-10890-10789-10926(intraday high can extend higher) can be counted as 1,2,3,4,5/ a,b,c,d,e/wxyxz one can choose what they prefer.
Either a consolidation between 10850-10890 or break out above 10940 are both valid for now, depending on the out come trade accordingly.
If prices consolidate and break 10850 then expect 10800-10760 and even as low as 10720-10640, however if prices hold 10850-10890 then expect upside= 10990-11020 then T1= 11060-11100, T2= 11152-11210, T3= 11245-11300.
10727-11016-10767= 11058(100%),11139(127%),11238(162%).
10640-11147-10727= 11237(100%),11376(127%)
