the_Architect
Short

eurusd bearish butterfly

FX:EURUSD   Euro / U.S. Dollar
53 0 1
After last week extra jump of the euro             which somehow I predicted in my last idea around 1.057 I think the next moves will be a down trend until 1.07 max 1.065 at 0.236 Fib retracement.
This will be the positive scenario and then up again. Anyhow for the pattern to be sure the pair has to break the 1.08 level, a very strong one.
Trade active: how the leg C will be reached
Trade closed manually: It seems that the euro could not break the 1.08 level so the pattern went bad...this means that 1.103 is ahead and maybe even 1.1 and more..
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