EUR/USD: The Last Bear Standing...As indicated on my previous EUR/USD idea ( that's still currently open ), I remain short EUR/USD given the technical aspect of things are still valid.
Divergences are still in play along with a rising broadening pattern and the fact that we're trading at the yearly R3 level ( which is rare ).
I suspect we will have some volatility with the ECB press conference tomorrow, so that should get things moving hopefully in the bearish direction. If we begin trading aggressively above 1.1800+, that will invalidate the short idea overall.
If we roll over, I'm still looking for 1.13000 - 1.12000 as the target range for Q3 going into Q4.
We'll see how this all develops.
As always, Good Luck & Trade Safe!
