This looks like a break in the EURUSD, but wary that being the day prior to the ECB, it may not have been the real flows needed. In addition, given the significance of the level, (e.g. this may be a major long-term break) caution is still needed, true chartists may wait for a weekly or monthly confirmation to occur for proof. - Of course traders live in the real world, where decisions have to be made pre- not post- confirmation and have to take their chances. - I think this will be meaningful, even if a setback does occur. - We use to have a saying at my old place, regarding lines such as these -'Its got to lubricate to penetrate', I think I'll leave it at that.
I won't be around for a couple of days, so next update, prob Monday, chance to survey any damage then....
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