EURUSD short NOW (1.0940) on 4 hour target 1000pips to 1500 pips

FX:EURUSD   Euro Fx/U.S. Dollar
125 2 1
EUR has been strong due to the recent market projection on the FED rate hike path toward the year end will slow down, this give some fundamental strength to EUR. but there is too far for EUR to back in "shape". ECB might going to have another round of QE and there is nothing ECB can do but to continue their monetary experiment.

Technical give you a very good risk reward . SL AT 1.10, take profit for 1st target at 1.09 to the trendline , 2nd profit to test the 0.618 fibo retracement level and targeting 1300pips
Trade closed: target reached: 1 target reached
Trade closed: target reached: 2nd target reached. Good break out. nice profit
you can also say this is a triangle chart patern and it will go long if it breaks through the blue resistance line
typical triangle break out on the horizontal line(blue). elliot wave and time cycle plus "their voulume" indicate more downside. and plus the fundamental. i will rather shot. i am on the long term bearish side.
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