Eurocurrency approaching target objective. [chart]

Currently short from 1.4995 – last price @ 1.4809 - Friday’s sell-off occurred after the Yen tested the descending parallel line on Thursday and left good separation. I look for a one or two-day corrective rally before the market resumes the downward trend toward the median line target objective.  Hold the short position, with the stop loss at 1.4975 and a target objective of 1.4705.

December Eurocurrency