Happy New Year! 2014 is over and we celebrated the coming of 2015. I hope you all had a good time and managed to rest and relax because now that the holidays are over everything is going back to normal and the market has finally started moving.

Holidays or no holidays the bearish EUR/USD trend continues and the pair will likely reach 1.2000 quite soon. I don’t know about you, but I am keeping my short positions open and I will wait for it to reach target 1.1950 before I consider closing them. Depending on the situation, I might wait for the pair to reach 1.1900 before doing so.