Sunday, 1 November 2015

EUR/USD long term target 0.80, testing key support to open door for next big leg lower

Monthly chart H & S top measured target is around 0.80.

Weekly chart testing parallel trend line support. Don't rule out EUR/USD rallying for months before beginning its next leg lower. Right now, last week's low is key support.

Daily chart supports the view that last weeks low is key.

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