EURUSD Aggressive spike expected. Two targets.
Pattern: 1D Channel Down.
Signal: Bullish. Based on the time intervals on the Lower High sequence (15 bars/ 20 bars/ 15 bars/ 20 bars/ completion of 15 bars on May 8th).
Target: Close to 1.1300 or 1.13600 (depending if it will be an upper Lower High or lower Lower High). Take profits at will (May 8th = ECB President Draghi, May 9th = U.S. PPI, May 10th = U.S. CPI).
Signal: Bullish. Based on the time intervals on the Lower High sequence (15 bars/ 20 bars/ 15 bars/ 20 bars/ completion of 15 bars on May 8th).
Target: Close to 1.1300 or 1.13600 (depending if it will be an upper Lower High or lower Lower High). Take profits at will (May 8th = ECB President Draghi, May 9th = U.S. PPI, May 10th = U.S. CPI).
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