EUR/USD another Long day before Short

The Bulls are still in comand, the indicators show that there will be at least another day of positive trend to 1.133 since there wasn´t any major pull back, i believe a good pull back / short will come before the end of the week

Note

As expected the market is riding up to the 1.133 (200 weekly SMA) target, started the day to consolidate to then go up again

The trend is still on, after it we are still yet to find out if the strong bullish momentum will prevail.

From the fundamental level I presume the Eurozone was able to give a sense of unity and the QE package and agreement gives investors some confidence, will the FED embrace negative rates, is the markets reflecting it??

Trade active

So we are closing the day at the target we set last day.

Now the question is will this Long continue? I don´t see why not, tomorrow we might expect a long towards the this year highs, the reaction from bears to it will be determine to see, but as far as the indicators are concern the market seems to still have force to push it up slightly more, i guess that short trend will be delayed a couple of days, the market moved 1% today whenever that happens is really rare not continue the following day.

That said, i got some profits today but my position on this market is closed today since there are there is high risk to the reward, once it reaches 1.12 again i will step in to the desired short

CC_FX

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CC_FX