There is finally an agreement but despite that it is expected the raiting of the USA to be lowered. This should reflect on the EUR/USD and make the pair go UP again but not that much. Remember that EUR jumped up not because of the good news from the Eurozone,but from the bad ones overseas. So any rise could turn a sharp fall at any moment, and you definitely have to put stops to limit the loss.
Now we are in an UP move, waiting for the President Obama statement and for the raiting news. Please make a notice that on H4 we have a support by a large positive Ichimocu cloud and we are above the Daily triangle line. But on Daily chart we are still inside a negative Ichimocu and have a stron resistance @ 1.4450-60.
For today it's possible to go up to 1.4450 before voting in the USA, and after that we shall bounce back and shall wait for the raiting agencies reply, then another leg UP possible. For today no more UP than 1.4520 (if 1.4450 successfully breached) then back again 70-80 pips.
Remember France and Italy may also suffer a raiting decrease, and inflation in the Eurozone also decreased, the pressure for any rate hikes decreased too - this all mean EUR will start falling in the near future.
Any comments and questions are welcomed
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