Technical Analysis and Outlook:
The Eurodollar has successfully reached our predicted Next Outer Currency Dip of 1.050 and has since rebounded strongly to retest the previously achieved Outer Currency Dip of 1.062, which is now considered a new resistance point. It is possible that the trading zone may continue to rise. The next target for a decrease is the retest of the Mean Sup and Outer Currency Dip of 1.050.
The Eurodollar has successfully reached our predicted Next Outer Currency Dip of 1.050 and has since rebounded strongly to retest the previously achieved Outer Currency Dip of 1.062, which is now considered a new resistance point. It is possible that the trading zone may continue to rise. The next target for a decrease is the retest of the Mean Sup and Outer Currency Dip of 1.050.
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