Euro Rally Trigger Prices
THE PRESENT EURO DAILY TRIGGER PRICES:
A funny thing happened on the way to the bottom . . .
While awaiting the decline of the EURO, it decided to avoid our downside breakthrough price of 111.00 and, instead, rallied (on a short-term basis).
As all scenarios must be entertained, it becomes most important to take note of which price point will indicate a stronger rise in price.
We’ve already flirted with one trigger price and have not exceeded it, but, the most serious one promising a strong upswing will be at the 116.00 level.
We already have the downside trigger price covered from our previous post but, a closer trigger for a downmove can be placed at 1.1225.
Prices breaking below this price will indicate a further downswing ahead. – George
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