Long EUR/USD @ 1.0790 Target 1.0870 stop loss 1.0760
Rationale
Finally a convincing breakout from the inverted head and shoulder on the hourly chart. Call it a inverted head and shoulder or sideways 100-pip consolidation.
Repeated failure to break below 1.07, despite repeat call from Draghi earlier today about more easing in December accompanied by surprising negative comments about core inflation.
NO USD rally despite Fed speak.
All in all, doors opened for a EUR/USD rally!
Rationale
Finally a convincing breakout from the inverted head and shoulder on the hourly chart. Call it a inverted head and shoulder or sideways 100-pip consolidation.
Repeated failure to break below 1.07, despite repeat call from Draghi earlier today about more easing in December accompanied by surprising negative comments about core inflation.
NO USD rally despite Fed speak.
All in all, doors opened for a EUR/USD rally!
Trade closed: stop reached
