A lot of short positions are likely going to get hammered here. We expect price action to make a bullish move higher to retrace back to the US Election high area to at least the 1.1256 level over the next several weeks.
Trade closed: target reached:
After some patience and letting this trade develop....our target level has easily been reached at the 1.1256 level. Nice long trade here... http://www.thecharttraders.com