???URO update – $EURUSD $6E_F

Weakness during the first few days of the week found support at 1.2890-1.2935  area, which was noted before in several posts, over the last few days. I´ve been watching this area for almost a week, now.


This area is not random in my analysis, but relates to a precedent situation (as noted on the chart below) in mid-September where the upmove gained thrust on the move to swing highs. Therefore, it is an important area, the way I look at things. The next meaningful support area in my analysis is 1.2750 – 1.2810


As for today/next few days, I´ll be looking at 1.2964 – 1.2985 area and -more importantly- 1.3045 -1.3080. 




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