Milan
Long

Talk is cheap - buy the Euro

FX:EURUSD   Euro / U.S. Dollar
372 1 4
Despite continuous effort from various ECB members to talk it lower, the Euro             remains strong. This led ECB President Draghi to state over the weekend that “the European Central Bank will ease monetary policy further if the euro             keeps strengthening”. EUR/USD             gapped 50 pips lower on the open as a result of this, but is now back above 1.3850. Traders have been ignoring comments from ECB officials and it’s hard to see why that should change now. The market is sending a clear message: talk is cheap, the ECB needs to act!

I expect the EUR/USD             to fill the gap and break again above the 1.39 level ahead of Wednesday's CPI             release. In the cross pairs, keep an eye on EUR/CAD as we have the Bank of Canada meeting this week.
1.3546 is my SHORT target....Sell entry was due to a pair of Harmonic Patterns!! The last HIGH at 1.3900 was our last chance to enter Short.......in my humble opinion...! No one ever knows for sure until the FAT LADY sings!! :-)
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