Technical Analysis and Outlook:
Eurodollar declined to our Mean Sup 1.0285 as specified on the EUR/USD Daily Chart Analysis For November 18 chart followed by a rebound to strategic completed and retested Inner Currency Rally 1.0380. The current prevailing down path is pointing to the new Mean Sup 1.0237. The current down sentiment is prone to further declines: Mean Sup 1.014, 1.000, and 0.975. The down-trend projects for the Next Outer Currency Dip of 0.937 is being delayed.
Eurodollar declined to our Mean Sup 1.0285 as specified on the EUR/USD Daily Chart Analysis For November 18 chart followed by a rebound to strategic completed and retested Inner Currency Rally 1.0380. The current prevailing down path is pointing to the new Mean Sup 1.0237. The current down sentiment is prone to further declines: Mean Sup 1.014, 1.000, and 0.975. The down-trend projects for the Next Outer Currency Dip of 0.937 is being delayed.