Euro / U.S. Dollar

Long

EURUSD AB=CD IN PROGRESS?

Updated

Here is our new 4H setup for EURUSD.

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Be careful, US data + Yellen + Draghi later

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After news and speech price drop lower but we're above 1.12 again.
Pattern is still valid but at risk. let's wait few more hours

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We need at least a candle to close above 1.1240-50 for more upward movement.

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PENDING HOME SALES helped us.
Now wait for this and next candle to close.

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Trade closed: stop reached

trade closed. SL and pattern invalidation.
price dropped fast today probably targeting 1.1150

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NOTE
i keep my trades open till 1.1140, since there are still chances of upward movements. below 1.1140 i will edge a little till 1.1115 then i will start to sell.

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UPDATED chart

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