1.0870 the top we saw last year December 8th is going to play the role of a key level here as I look to short EUR/USD next week.We have already seen Euro form tops around 1.0784-1.08 last year , the only question here is will the history repeat itself once more.... Euro is currently moving inside the short term bullish channel but eventually it will collapse and what better area to look for that to happen than 1.08-1.0844.... According to my setup my stops go above 1.0890 and my targets down @ 1.0540
Comment:
Price still moving as expected !