Price has touched the 200 ema on the 60 minute chart and I made the decision on closing my commerce based on this pair hitting a range of 300 pips and rather than see my profit erode I would rather use fibs to find out what could occur. Earlier this drop the 200 ema was in reach.
4 hour chart indies all that's necessary over the last few days for me to wait this correction and using the ECB's nudge it has adjusted well. RSI about the weekly is still just touching 80 so care is necessary. I might hold on centered on my entry if pair goes sideways. Entered at 127.347
Breaking of 126.9 will send it to the sky. Maybe to 128, 129.9 to133.7... with the momentum and the widespread situation... 138.9 may be kissed shortly... good if you'd positioned from 98 or 108.05. You know what I mean but don't take my word for it. . .caution required!
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