EUR/USD -154

one should almost expect sudden moves on the currency market in this time of the year. In this pair it looks like the good buying opportunity. There is no point to explain every move on the market, but general picture, for a right now, is showing that this pair have room to "grow".
Last week candle showed market unwillingness to go lower. This week, so far, added more undecidedness to it, and current drop gives a great chance for buying. It is just what we would like for christmass :)
Bellow the current levels lies 23.6 fib support at 1.2840 (1.1881-1.6026), and it should hold, in case that things go "south". Core of the trade is based on the belief that market is currently not willing to sell more euro, but is waiting for the next news or a reason to buy more euro, what we believe that is coming. When markets are wishing for something they usually get it, and now market is waiting, wanting, wishing, for a good news.

Happy New year to everybody from OctagonFX