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Lagarde speaks in 1 hour! THEY can use it to drive the market!!! After this CRAZY consolidation - WHERE are the stop losses???
Where do you think are the MOST of stop losses are??? That is the direction
This is just a first target for this setup. This is where you take profit if you entered a short on the breakout.
With all the NEWS that we have for today, it can be in MICROWAVE, on the STOVE or even in the OVEN!!!![]()
Target level for this week for the EURUSD is 1.0585 CRAZY divergence on a Daily I inverted the DXY chart, so it's easier to see it this way
image On the BIGGER picture we're in a consolidation still AND tomorrow we'll have INTEREST RATE for EUR. TRAPS are set and time to CLEAN THE STOPS!!!!!
I see this as a FALSE breakout, because it broke the consolidation NOT from the middle.