reneordosgoitia
Long

Go long after the consolidation, Draghi spoke

FX:EURUSD   Euro Fx/U.S. Dollar
82 0 2
Last week Mario Draghi had surprised the market with his announce of an possible scenarie of no more monetary stimulus on the economy. Bringing a sigh to the bull traders on EURUSD             . According to the chart, we can see an importante price area at the level of 1.1200, at the same time, we can watch an decreacing channel, with LH, creating a descending triangle pattern. In the mid term, the market is behaving a uptrend channel . So, my idea, is to wait for the consolidation that will be formed on the triangle, and wait for the break even for go long.
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