EURUSD bullish butterfly on weekly..

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The spectacular USD moves at the start of the week filled multiple really big levels.

One of these is the weekly butterfly in the EURUSD. This could set up a really big retracement and even reverse the overall trend in EURUSD.

This is a really big decision level. If the butterfly fails we'll probably see extreme capitulate style selling in EURUSD for a while - but I think the better odds are on the long for the moment. Dollar really is very extended

EURUSD got significanrly close to the longer term swing target during that last drop.

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ملاحظة

Half profits taken and stops to even.

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ملاحظة

Big bounce but might go lower.