We stayed out of the Euro
last week to let the FOMC announcement shake the "playa's" out of the market. Even after the hoopla, price is still contained inside the wedge
. The daily chart
is ugly so we look at the Weekly to give us the story. If we get a weekly close outside of the wedge
expect them to eat up the supply from the week of 8/24 and try to run the stops at the August highs. If they break it to the downside a test of the March lows is in order. Either way we have a weekly signal that is setting up and when fired will run for a while. For now we wait and keep a close eye on it.