There’s not a lot to say about the Euro that I haven’t already said last week or so. It’s in a raggedy type of correction, probably an Elliott Wave C wave. Until it gets above 1.3108 (the .618 retracement of the 1.3818 to 1.1876 down move and 1.618 the length of wave A, as well as a price target from an old bull flag, one can hardly make a case it’s in a sustainable uptrend.
The range last week was 1.2733 to 1.3028. Euro is currently offered at 1.2945, about the 75% point of that range. I plan on either shorting up around 1.30 or buying down near the bottom. This point here is no man’s land.
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