After Today's ECB improved GDP forecast and optimism for broad based growth in individual countries, the Euro appreciated as much as 1% right after the announcement. So, this to me means dumping the USD and investing in Gold and Yen. it is for this that I'm bullish on the Japanese Yen and at the same time selling the GBP.
Trade should be as executed as follows for this currency pair:
Sell: 141.80
Stop Loss: 142.80-above today's highs
Take Profit: 139.80 for a 1:2 risk reward
Trade should be as executed as follows for this currency pair:
Sell: 141.80
Stop Loss: 142.80-above today's highs
Take Profit: 139.80 for a 1:2 risk reward