The Eurozone has been struggling pretty much all summer as a basket for trading and has given plenty of of opportunities to SELL its weakness. This is the 3rd ABCD swing that it has made and from there it created a upward channel. The idea was to SELL once it broke and retested the support or to sell it at a high price at the resistance. At this point the market has broken the channel so to manage the trade on the daily there is a Mid term target at 1.0770 that is about 50 pips away I expect if the market to move to this target and retrace again and give people another opportunity to sell it again to the long term target of 1.0650 which is a monthly pivot. So keep your eyes out for a high price on the 2hr chart to sell if there is another opportunity.
