There's a harmonic pattern which has achieved the expected retracement.
The long trend is going to continue in anticipation of further QE trimmings and/or euro rate increase.
Support by fundamentals will be there too as more active economic growth is expected along with the coming festive season.
Howvere, watch out for USD good news which can throw a spanner in the trade plan
green box = entry zone
purple = stop level
blue lines = target levels
tradesafe
The long trend is going to continue in anticipation of further QE trimmings and/or euro rate increase.
Support by fundamentals will be there too as more active economic growth is expected along with the coming festive season.
Howvere, watch out for USD good news which can throw a spanner in the trade plan
green box = entry zone
purple = stop level
blue lines = target levels
tradesafe
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hit stop level
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