Good Morning. We are headed higher today. The question to ask is: Are we bouncing to the top wall of the wedge at 1.35 or through it to 1.37? My Proprietary indicator is telling me that EURUSD is going much higher than we think, but we´ll have to ...

EurAnalysis

If it breaks the wedge, the minimum would be 1.40 in theory, which is the width of the wedge at its widest point added to the point of the breakout. I would sell probably at the 200SMA around 1.37

EurAnalysis

No. We need to rally from here. There should be another test of the bottom before it rises. For the wedge long theory to work the breakout should come by Friday.

EurAnalysis

OK. We The Longs are safe for the time being.

EurAnalysis

Whew !! The wall held this assault.

EurAnalysis

Price is right on the bottom wall of the wedge and RSI is on the rising trendline. This is as far as it can go without my bullish 1.37 target theory is blown to pieces.

EurAnalysis

Thanks, I appreciate your comments. I still am long and expect to make a solid profit in the end. I was stopped out but reopened long positions at support. I still expect a strong rebound before Friday that will break the upper wall of the wedge and ...

EurAnalysis

Equally excellent post. Technical analysis does not only give you a snap shot of price action in any particular instant, instead, it gives you a solid indication of momentum and the likelihood of price direction in the time frame that is being ...

EurAnalysis

Excellent and informative post. Thank you for taking the time to write it. Cheers.

EurAnalysis

The attached chart shows repeated divergences of the Trix in relation to price (Marked by the red circles). This is a major indication of an approaching important trend change. This signals a break of the top wall of the wedge and a return to the ...

EurAnalysis

Doubled my long position at 3380. The indicators are still flashing divergences. This last H4 bar may be a final shakeout. I may be wrong but that´s what I continue to see.

EurAnalysis

Good job, guy !!

EurAnalysis

Because there is key support at the bottom of the base is precisely why this is a low risk bet. My stop loss is below the base at 1.3390. I always trade what my indicators tell me to trade. The puzzle may take from now till Friday to resolve itself. ...

EurAnalysis

Congrats!!!

EurAnalysis

I have increased my long position at 1.3448, near the bottom of the base. Both the Trix and RSI continue to show bullish divergences to price. It is hard to rationalize a long move at this point considering all the background news, but I continue to ...

EurAnalysis

It´s just what the charts tell me. I´m sure there may be other interpretations but I have to call it as I see it. If I´m wrong I will learn from it. That´s the beauty of Technical Analysis. I said before that the S&P may not follow. I really meant ...

EurAnalysis

An interesting divergence has developed in the past 2 days between the S&P and the EURUSD. The S&P has weakened considerably while the Euro has moved sideways. This may be a consequence of the Clowns in Washington not agreeing on the budget cuts. I ...

EurAnalysis

Here is the chart:

EurAnalysis

H4 Wedge — The wedge that has formed on the H4 chart looks pretty ominous. IF PA breaks the top wall, which coincides with the 55 EMA, the price target is all the way up to 1.42 in about 20 days. This scenario lines up with the other ...

EurAnalysis

I´m sure he meant 1.3770.

EurAnalysis