Shorting EURUSD

FX:EURUSD   Euro / U.S. Dollar
Fundamental, ECB said if the outlook becomes less favourable, or if financial conditions become inconsistent with further progress towards a sustained adjustment in the path of inflation , the Governing Council stands ready to increase the APP in terms of size and/or duration. Draghi also said that the ECB opted to keep its easing bias because “of the fact that we are not there yet. As a matter of fact, headline inflation if anything will decline in the coming months.

USD side, House passed a budget resolution that clears the path for tax reform and will allow a key tax bill to pass Congress without Democratic support. Also, •Q3 GDP grew by 3.0% q/q annualized, which is better than the expected 2.5% increase.

Technically, im short at fibo 61.8% in timeframe M15.

Suggested level:

Sell at 1.16150
SL at 1.16500 (35 pips)
TP at 1.15750
Trade closed: stop reached


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