FX:EURUSD   Euro Fx/U.S. Dollar
77 0 2
a year ago
Long EUR/USD             @ 1.0790 Target 1.0870 stop loss 1.0760

Rationale

Finally a convincing breakout from the inverted head and shoulder on the hourly chart. Call it a inverted head and shoulder or sideways 100-pip consolidation.

Repeated failure to break below 1.07, despite repeat call from Draghi earlier today about more easing in December accompanied by surprising negative comments about core inflation.

NO USD rally despite Fed speak.

All in all, doors opened for a EUR/USD             rally!

a year ago
Trade closed: stop reached
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