FOREXEL
Short

The monthly chart gives a bit of perspective on current levels

FX:EURUSD   Euro Fx/U.S. Dollar
71 0 5
Current price level is really interesting to watch when planning trades into next year. I am still short since Supermario Draghee still have a few options to throw in - which I think he will soon but maybe not on this side of the year. This on top of a Dollar bull rally lasting for some time will please Draghee to just keep jawboning the Euro             .

However, when just looking at the price range for previous years - it migth still break to the upside soon for a brief pullback. This since we are not that far from a price level where it has bounced before. The interesting part would be if we would get a good breakout around 1.2030 and possibly shoot lower a good part into next year. But for now I stick to my short for now with a TP @ 1.2030
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