EUR/USD: upside potential

   The EUR/USD continues to trade in a range. The spike up from the lows today will probably continue to 1.3200 to complete the objective for the zig-zag/equal drives. After that there is a possibility of further upside out of the range following the Chaiken Money Flow's upside break through its down trend-line which is often a good indicator of the direction of eventual breakouts.

 

Forex4you analyst Joaquin Monfort

Analysis prepared by:

Joaquin Monfort
Forex4you analyst

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