Euro is positively correlated with Gold as see a huge rally in gold prices due to USD hitting record lows we can see a great opportunity in EURUSD outpacing the USD and reaching 1.2000 mark easily.
in my opinion it will do the reversal at a higher Level, cup-handle Formation is on the way so dont miss it :-)
DragonCaptain
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@pacohstyle, but situation for USD is not going to go well. EURO is getting benefit from it. we can expect to go top. but yes we will buy on retracement periods.