EURUSD SHORT: Short term target 1.08

The Euro bulls finally seem to be losing strength. I believe a retracement will happen soon which will push the pair down to 1.08 in the short run.

I entered my sell at 1.09314 recently.

UPDATES COMING IN COMMENTS

Note

I have now started compounding the pair. Price is below the daily pivot and I strongly believe that the 1.08 target will be reaching in the coming sessions.

- ECB should be dovish or at least slightly dovish in its meeting. (UPDATES COMING ON ECB MEETING)

Note

Today is the ECB meeting. I expect a dovish meeting which will cause Euro to be weak and our profit target (1.08 - about 100 pips away from current price) to be hit.

I am also trading a stronger GBP versus the Euro today.

PipsMatter

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PipsMatter

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