FX:EURUSD   Euro Fx/U.S. Dollar
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For my previous post and context see below:

EU top down and short term short potential


I'm still short the EURUSD             for a deeper retrace. However we see a consolidation that is close to a possible end. This is shown by means of the channel of smaller degree. A bullish break does not automatically mean it will be the start of a new impulse higher yet. I still prefer a deeper correction of the previous swing but I trade what I see.

If we see the bullish break a buy trade will present itself. However only an impulse higher and consolidation of smaller degree will indicate that this correction is over.

http://www.timstuyts.com

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Trade closed: target reached:
snapshot


long term view will be updated for next trading opportunity.
We didn't see the reversal and price is closing in on the original short target.

snapshot
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