A “Trumping” Good Week – 9th/13th January
As predicted in this analysis from October 31st 2016, the euro reversed off strong daily supply and is now 100 pips in profit from our zone.
The daily chart below shows roadbumps (R) where we could see small bounces, and I would suggest taking at least some profit at these levels.
The ultimate target still remains the demand zone at 1.0630 and I would keep this bias in mind when taking lower timeframe trades.
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