Chris Capre’s Open Trades: EURUSD, EURCHF, USDJPY, USDPLN EUSTX 50, BIR
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EURUSD – Strong Bounce + Corrective Structure. Bottom in Place? (4hr chart)
After losing almost 8 handles since mid-April, the EURUSD is attempting to put a bottom in place. The pair had its first counter-trend impulsive move, which has been followed by a corrective structure at the highs of that move.
Thus far, the price action is starting to show signs of a bottom, which I feel is (for the most part) in place. The pair will need to clear 1.1750+ before adding some technical confluence …... Keep reading