On the usd/eur setup, I see price has reached a minor resistance zone. Delving into the lower timeframe, I see price makes a minor ascending channel with HH's/HL's.
I am hoping price touches resistance zone and reaches first take profit.
Its been in a consolidation for about a week (Due to the holidays), if it breaks on the downside prepare for a sell but keep an eye for any fake breakouts.
When I activate my trade. I will hold unto this position till around the 78.6% (0.9396) Fibonacci mark and leave my SL around a few pips above the consolidation pattern.
Buying Opportunity - It broke through the 23.6% Fibonacci Line and its heading towards a Long term trend line and if it doesn't breakthrough set up an order for a buy.
Take note - Due to the whole situation with the US election, keep an eye on it with great focus.