Macro Driver: Potential for the Federal Reserve (FED) to communicate their decision about the potential date for an interest rate hike with in the next 2-3 months. Accompanied by more communications from the European Central Bank (ECB) about more accommodative policies.
Trading Plan: Wait for an opportunity to go short on the resistance from the monthly down trend between the 1.37 - 1.38 range.
Trading Plan: Wait for an opportunity to go short on the resistance from the monthly down trend between the 1.37 - 1.38 range.