Optimism that U.S. lawmakers will reach a last-minute deal to raise the government's debt limit and avoid a default push the USD upward.
EURUSD (eu) fall to 1.42 level during New York session yesterday. By early Asian session today, eu has inched up to the 38.2% fibo retracement. On the 30 MTF chart, eu is expected to move sideway with downward bias as the BB is constricting and the 21 MA hovering flat above the price.
The first eu trade is at bar A with an OB, 1st TP done at 1.42419 and SAR at bar B with indy's at extreme bottom.
Take a second entry for sell at above bar B, 1st TP (1.42727) was not reachable abandon the position after the fourt bar with twice OB pattern.
