In yesterday’s video, I pointed out that the Euro had just hit my 1.1495 price target (T3) with a reaction off that initial tag of that level likely before the next leg up. /E7 (Euro futures) reversed right on cue, allowing one to book profits on any long positions in the Euro, Gold, or Silver (the latter two being highly correlated with the former) and/or game a quick pullback trade. /E7 has now pulled back to the intersecting uptrend line + 1.1409 support levels, thereby offering an objective level to go long the Euro and/or precious metals (and/or cover any shorts, if gaming the pullback) for the next leg up. 60-minute chart below.
E7 60m Dec 14th