AUD and EUR Top? — AUD and EUR looking pretty frothy here. Always good to compare two like markets. These two both point down for the moment.

EURUSD

ya know???

EURUSD

look out below 450 break...

EURUSD

Watching the 5 minute action. Looks like the distribution is getting under way... "...sell the news."

EURUSD

That is one way of trading it. I personally like the long pulls better, short or long but especially short.

EURUSD

Only time and volume will confirm which of us is right. For now in the short term, maybe? More likely an intermediate correction. We need a substantial upside penetration of the 700ish level in the 3% neighborhood to confirm a change in trend. Until ...

EURUSD

I believe it was POSSIBLE H&S bottom forming as noted on the attached chart as well.

EURUSD

Not yet ;-) Minimum 2 weeks to form. Distribution down to 1.295ish or plunge to new low is most likely. This just came to mind too....today is FOMC stuff at 2ish right? "Buy the rumour, sell the news"

EURUSD

H&S Bottom — Possible H&S Bottom Long Term

EURUSD

bulls continue to feast

EURUSD

nice system. takes patience to let the move to work itself out.

EURUSD

Beautiful run to the downtrend line. Right up on it! The volume is all gone now.

EURUSD

Which way will it go???

EURUSD

Agreed.

EURUSD

Bulls keep coming back for more...

EURUSD

catch me if you can... ;-) i doubt it though. Been in profit for awhile.

EURUSD

Loaded up some more. Time to ride this baby down and go to breakfast. Happy trading!

EURUSD

even with a close above I would be cautious. could just be a trend line adjustment.

EURUSD

Morning guys. Looks like a good run on the EUR last night. :-) Built up a falling wedge that should be watched for the breakout.

EURUSD

Not only a scholar but a freakin GENIUS ;-) But anyway....Glad you liked it... Another good response comes to mind on this perpetual question. Sometimes it goes up, sometimes down, sometimes sideways...

EURUSD