Original short target was about 90 pips down where I expected to see a sharp rally. Today we've seen a sharp rally, if we drop again we might go through the level I was first targeting. A breaking of that level could be a big move so expanding target on shorts to 1.10941
EURUSD may be set to make an important break.
Caution to the shorts: The rally we had in the SPX today was similar to this setup before it. If we reject the break of the 161 a massive move up can follow. If we break this 161, the butterfly has failed. If we go on the break the 220 the EURUSD might become a massive bear into the next rally.
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