Summerset
Short

Eurodollar moving to 3720 level

FX:EURUSD   Euro Fx/U.S. Dollar
35 0 0
There is a double bottom on the hourly chart, and an inverted H&S fractal all pointing to the 3720 level. The correction in the right shoulder of the H&S fractal has completed as shown on the 5 min chart above. I am buying market stop < 3630 Target 3720. The move could have a compound effect due to it coming after positive dollar news (negative Euro             news), which means the Euro             is gaining despite the Good retail sales statistics issued today.
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