Potential strong distribution in progres

I found broken ending diagonal and Wyckoff distribution. Fundamental veiw is also in favor of dollar and weak EUR. Active QE program and good data from US can bring euro much lower in next period. Depent of this week news and ADP Non-Farm Employment Change. Intraday TP is at 1.0800 and my short term target is around the price of 1.0590 (Fibonacci expansion 161.8%).

Trade geschlossen: Ziel wurde erreicht:

First take profit has been reached ! Waiting for short term take profit at the price of 1.0585.