6E1! Wed low held and we were expecting 1.083 as the rebound low from the spike up to 1.125, so everything is going according to plan. Good R:R for a long swing, but the selloff has been dramatic so I'ma let things consolidate for a bit and wait for reversal confirmation.
Big hungry demand zone at 1.00-1.065 from the 2021-2022 drop worth noting.
6EU2024 For all the naysayers, is it worth investing time in option analysis? On July 31st, there was a strong sentiment for the euro to rise in the area of 1.095. Check out what happened to the euro today! Isn't that impressive?
6EH2024 On November 16, a series of "Seagull" option structures were initiated on the Euro (as shown in the picture). The stated objective of this strategy is to reach $1.06 by January 05, 2024. There is a high likelihood that the creator of this portfolio is not a retail trader.