EURUSD has been consolidating since tuesday evening and all the levels are still perfectly valid. Ahead of ECB I am looking for couple of things. First, I do not rule out a spike lower to re-test the triangle. If the re-test does not come then I am looking for a fast move higher, through 1.40 level to the target area that is marked on the chart. But if we get a re-test then the plan depends on very much what happen after the re-test. If price stalls, then 1.40 might have to wait once again. Time will tell. Have a great ECB.
