EURUSD, the Opposite of Up

Price is truth. And while our projections for EURUSD were bullish this week, price never broke above Monday or Tuesday highs on Wednesday and instead made new lows closing near the bottom of the range.

20160517 Slow Tuesday in EURUSD

The downside potential of the chart above came through, without the rally latter in the day. With Thursday tending to be a flat / sideways day in this scenario, Friday likely holds the last bit of upside potential.

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