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capitalpropertiesfx
May 8, 2014 7:06 AM

EURUSD ahead of ECB 

Euro Fx/U.S. DollarFXCM

Description

EURUSD has been consolidating since tuesday evening and all the levels are still perfectly valid. Ahead of ECB I am looking for couple of things. First, I do not rule out a spike lower to re-test the triangle. If the re-test does not come then I am looking for a fast move higher, through 1.40 level to the target area that is marked on the chart. But if we get a re-test then the plan depends on very much what happen after the re-test. If price stalls, then 1.40 might have to wait once again. Time will tell. Have a great ECB.
Comments
LevRidge
nice!
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