EUR rebounded from 100% Fibo support @ 1.3970 and is currently trading near 1.41. I expect the rebound to continue to 1.4260 before next leg down, we have 61.8% resistance there. MA 14 is @ 1.43 on Daily, so as we are below every rise is used to open short positions. Tomorrow is the BoE and ECB rate decision day, both are expected to be leaved unchanged and this is one of main reasons for the EUR recent fall. It's good to remember that FED does not want a strong dollar, so if something like drop below 1.40 happens FED will react immediately with for example talks for a new QE. Yesterday SNB surprised the markets,making all traders to sell CHF and GOLD. Today the same thing continues. Enter long only above 1.4440. Remember that 1.3860 is not tested yet, i expect this to happen, and neat that enter LONG. High volatile movements are possibe \like yesterday's\ so i'm not giving positions for SL. Just choose one strategy and follow it.
Any comment and questions are welcomed.