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.