Euro Currency Futures Swing Trading Opportunity

Euro 60-Minute

The Euro has been going up and up and UP. We have now enetered into a buying area between 1.3295 – 1.3269 for a TZ Long entry. I am looking to buy this back up for a retest of the highs and a break through. The first target is sitting between 1.3341 – 1.3356 with an emphasis on the 1.3341. If we continue past that, the next target will be back up at the highs with the third target at an extension past between 1.3456 – 1.3464 with an emphasis on the 1.3456. 

Euro 240-Minute

The Euro has moved into some very large buying areas on the larger time frame and has continued its move back up. We do have the BMT further down at 1.3200 and if we get the move up to the first target and reject, we may see an AB=CD correction to a larger TZ Long entry further down nearer to the BMT. We are still trending higher on the 240-Minute chart with no signs of letting up. We will continue to watch this on its hopeful move higher!

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