15th June 2018 - Close to breakdown, watch the Dollar Euro
The failure of the Euro to break up against the Dollar is clear:The market has been repulsed by the the wide band of horizontal resistances from the succession of Prior Lows above the market.
Now concentrate on the support beneath the market that is being tested: the band of support from Prior Highs between 1.1614 and 1.1711 . The confirming bear move would be a weekly close beneath 1.1552.
Short term, the confirming short-term close would be a daily close beneath 1.1506
Watch these levels closely!
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