Euro Consolidation

I mentioned yesterday we were consolidating on the Euro and it looks like we are still consolidating. This is not unusual since we have moved down a few hundred pips in a short time.
However, after the consolidation we will see a move in a particular direction and although the bias based on trend is down, selling the rallies is still a great option. All that is most likely at present is the comms are awaiting the specs to push up the price before shorts trigger. If this is not what happens then ride the trend if we break key support areas. Use your fib and physical support and resistance to work those values out.

By the way, expect the Euro to be volatile tomorrow around 1pm due to the Swiss interest rate decision. Shortly followed by Unemployment Claims in the US.

Good luck all.