Nick Nasad
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EUR/USD - Will Range Bound Price Action Repeat Itself?

The last time I was looking at the EUR/USD we were talking about how our "time to pick a top?" scenario came to pass for a 200-pip swing.

So, with this backdrop in mind, I may be looking for reasons to sell in the next few days and weeks, especially if the bearish scenario above comes to pass. If not, and the pair finds support and heads higher, I will re-assess, and either look for some short-term targets to upside (1.34 handle) or look for bearish opportunities if risk events favor the USD.

- Nick