ever since the clean break and close above the daily downtrend back on the fifth of August, this pair has been in a consolidation cycle @ the unavoidable 1.12 lvl.
Dropping to 4hr view, the greenback has a hold while momentum is on its side and the euro is successfully clawing away warding off an obvious imminent fall. So I am still short biased simply based upon what the market is showing me. Despite the Bullish Pennant, I choose to believe we touch/test 1.115s before we get 1.125s. If you decide to follow, trade at your own risk!
Dropping to 4hr view, the greenback has a hold while momentum is on its side and the euro is successfully clawing away warding off an obvious imminent fall. So I am still short biased simply based upon what the market is showing me. Despite the Bullish Pennant, I choose to believe we touch/test 1.115s before we get 1.125s. If you decide to follow, trade at your own risk!
Trade closed: target reached:
BINGO