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E6U20 Update

Upside target is 1.1815

The Euro currency long term swing point is 1.1375 this is 38.2% up to the 2018 high, it is also a major Gann square. It has now traded above this level for 5 days and as long as it remains above there the long term target is 1.1815. This is a major Gann square and 61.8% back to the 2018 high. With a couple close's below the long term swing point look for the next major Gann square down at 1.1170, this is also 38.2% of the rally from the 3/20/20 low. In between all of the longer term levels you can use the secondary Gann square on the chart below for support and resistance. They are static levels and can be used as support and then resistance once taken out and the reverse if they were resistance to start. They are marked on the chat by the horizontal yellow lines on the chart.

E6U20 Hourly