EU Short, Dec. 19th

There are two things we are looking at prior to the activity from the U.S. Fed. This short opportunity for EU is based on the anticipated rate hike of 0.25%, which historically suggests a strong dollar. This comes as DXY is at a crucial long and short term support level.


EU is currently in a well tested resistance zone. We are looking to make a short position following the news at 2:00 pm EST. Target is 100 pips.