The Euro Dollar, which had been hard-nosed by concerns the German economy could slide into a full-scale recession, has lost nearly 4% this year so far. We are mostly looking for pair to bottom more than a Euro Dollar recovery.
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Euro Dollar did confirm Inner Currency Dip $1.0890 with Trade Selector Signal price-action-time-trademark symbol 'BARC.' The retracement phase in progress to Mean Res $1.1020, and/or Outer Currency Rally $1.1033, and/or Key Res $1.1072, respectively. The exit points are: Mean Sup $1.0950 and Key Sup $1.9000.