Price is forming a potential Ending Diagonal giving an opportunity for a short position. The fall in price is expected to test the "lower structure line" although it can fall short of it. Trade with care. Use a strategy you have tested and verified. 6.1.8. Family. More Than Just Trading.
Head and shoulder. Now it retest LOW. IF it continue, it proove that confirm wave 3 or C. TP around 8.56762
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Looks like this might be a decent spot to sell $eurusd after some morning profit taking on the short side. Lots of folks out there still talking about the market breaking up and trying to buy it back to last night's break but we'll see.
It's kind of double edged in that if they (FOMC) raise it should strengthen the dollar directly in attracting short term flows, and in that they see a strong economy. If they don't it would allow the economy more time to grow and strengthen. Europe is still picking up the pieces and hasn't even got to the big problems in some countries like France you might say....
EUR/CHF is in a down trend. I think it's a good opportunity to short this pair. Risk is low. With EU ABS purchase program the Euro will weakening and Franc strengthen. Good entry point is @ 1.2106 area. SL: 1.214 T1: 1.204
The USD gains strenght and EUR had negative economy values seven times in a row. USD Index rises and today positive expteced news are going to be released. Expect 1.35 at least for today.