Intermarket Analysis/Commercial Hedging EURUSD 300 pip drop.

Institutions are heavily net short on the EUR.The current rally is all manipulation on the part of institutions with a classic bullish continuation pattern seen on the 1hr/4hr chart enticing Retail traders for further bullish prices, a 300 pip drop is looming. We have a crack in correlation on the Daily chart of the GBPUSD /EURUSD showing signs of Bearish Divergence coupled with Bearish Divergence between the 30 YR,10YR & 5 YR T-Notes along with seasonal tendencies supporting Bearish price action this time of year.Long Term the 1.0365 lows will be taken out.

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Currently Short : SL:1.1265 Entry:1.1225 Target:1.0950 and will be scaling of 1/3 of my position at 1.1060 level.
Good Luck and Good Trading

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Stop moved to break even .