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EURJPY Detected Stop hunting on 30Dec2016

EURJPY Detected Stop hunting on 30Dec2016.
With yearend is coming by, good liquidity for those watching closely for the market.
Expected the pair to bounce back to 123.15 lvl and fall back to 120 lvl
**Support- 121.8/ 121/120
**Resistance -124.0
>>Weekly- Starts to become bearish (harami on 19Dec-23Dec)
>>Daily - Bearish (Bearish Engulfing Bars on 18Dec and 27 Dec)
>>H4- Ranging (121.8 -123)
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Range of euro

According my analysis and inner feeling I think that EUR/USD will reach 1.0777 as a magical level and magnet. According the daily we have presently a double bottom which means possible movement up.
According the weekly we have a chanel down so the price will try to go to the red line and extrapolating to Q3 it will try to reach it. So we are now in range which will give as a possible triple bottom until Q3. Of cource june will be hot Month. Not in temperature but in action of Fed, FOMC decision …
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First trade of the month seems like an obvious one

A happy new trading month to all!
I think that the first week of trading in the competition will be all about Euro selling
Draghi announced the intended rate cut this month
and the actual decision and the range and magnitude of the plans will be laid out this coming week
The Eur/Usd short trade seems like a no-brainer
The pair has put in a monthly bearish engulfing candle, technically
and has broken the 200 SMA to the downside
while the fundamentals support a larger move down, too
A break below …
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