This cross looks likely to further break to the downside. It's attractive because it is retesting a major zone. A breakdown of this cross would indicate trouble in US equities as safety capital flows into the Swiss Franc .
Stopped out at 1.4643. Re-entered short at 1.4630.
Trade closed: target reached:
Took profit on a small piece today.
Forgot to mention... my stops are 1.4870 and my target is 1.3575. That gives an RR ratio of around 3.4 (which means if it works 1 in 3 times you still profit... so it's a must take trade for me). I love trades like that =)