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Better than expected ZEW for Germany, helped EUR a lot to make a new top at 1.3415, but it is necessary to say that the EUR tested the support at 1.3330 several times yesterday. This means that 1.3320-30 area is now a very important area and if it is broken to the downside that will mean another 150 pips down. On Daily we can see the high price level consolidation and that we are closer and closer to a correction lower.Usually consolidations like this one end up with a big bearish candle of…See More
"Hi, I like your stop and that 200 pip possible downmove but I dont like the direction of this trade. In case of EY the value position (imho) was a @ 125.15 long with a stop @ 124.9 and target towards new highs. If price comes back to that area…"
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