EURUSD Daily Channel

EURUSD Daily

EUR is seen bullish across the board. EURUSD has gone more than 150pips in last 2 trading sessions. 

I am looking to short this pair. A daily ascending channel might give us that opportunity. This channel is in place since last week of Aug-12. 


I am looking to short this pair around 1.3475/85 area with a stop at 1.3520 for a possible move towards the mid/lower part of the channel.

The area around 1.3480 is also the previous high of Feb-12.

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UPDATE 29JAN13 18:05: 

Short trade got triggered at 1.3485.
I am targeting middle or lower part of the channel.