This is a nasty business! The Euro vs US$ and more importantly for me personally (as a Brit living in France) the Euro vs GBP. Here above is Euro$ 15 min and i have added the 240min to give some context to the ML set in the 15min chart. The 15 min chart shows a nice 'tight' ML set where price is oscillating very cleanly on the upper and lower MLP's and the centre line. If today's low of 1.3257 holds then we could see a rally back up to the aqua blue LMLP(240 min chart) next week. This pattern formation is not as bad as it looks (to me) with a previous higher 'high' and no newer lower 'lows'.
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