30 min target now hit which means the odds favor a bounce but my best guess is a fairly shallow bounce, if any. in fact, i would not be surprised to see the EUR/USD continue to move lower. not only am i not covering any shorts here, as i might in anticipation of a bounce in the EURO/pullback in the dollar, but i might even add some more shorts here as i think the risk/reward to being short is now as good as it’s been in months (that is referring to swing trades, given a little wiggle-room on the stops). updated 30 min chart below as well as my 4 hour EUR/USD which the previous targets (T1–T3) remain as recently posted.
