eur usd trading according to plan, which i highlighted previously.
we are doing test of 3580 - 3640 upon ecb and then we reverse on friday.
this eu scenario is confirmed by review of usdchf.
the usd chf eu mirror is in clear downtrend confirmed by a sequence of lower highs.
we can do one more test of upper trend line of the channel @ 8940-8980 and then reverse for 8550 in april 2014.
therefore, high probability trade is to also get short usdchf upon price reaching 8940-80 area, confirmed with h4 reversal
candles, final tp 8560
chart see below
we are doing test of 3580 - 3640 upon ecb and then we reverse on friday.
this eu scenario is confirmed by review of usdchf.
the usd chf eu mirror is in clear downtrend confirmed by a sequence of lower highs.
we can do one more test of upper trend line of the channel @ 8940-8980 and then reverse for 8550 in april 2014.
therefore, high probability trade is to also get short usdchf upon price reaching 8940-80 area, confirmed with h4 reversal
candles, final tp 8560
chart see below