pair dumped after last ECB meeting and confirmation that the interest rates will be still hold down in near future and that the banks receive more cheap money to counteract the expected weak economy. From chart technical view I expect up movement within next week to 1.13 which is now next resistance. From there I will open short if 1.1305 doesn't break up and 4-6 candles close above.
- bearish trend
- open short near 100D WMA
- take profit and stop loss is drawn in the chart
Do not enter this trade without clear confirmation
Good luck to all and enjoy your weekend :)