$EURUSD Trading tip - 18/Jan

$EURUSD bullish Elliott Wave leg in upward consolidating channel. Take Profit at 1.071 European Central Bank holds its first meeting of 2017, after the US Federal Reserve member speeches earlier mid-January and FED Chair Janet Yellen maintaining a Hawkish tone (increasing US interest rates during the new year) in her January meeting on the 18th. The later resulted in Dollar gaining strength vs other major currencies after some breather post election result hikes. Euro on the look-out Thursday pre and post ECB and discussions.


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