Shun-Jiru
Short

EU still in bear channel

FX:EURUSD   Euro Fx/U.S. Dollar
40 0 5
Still in bearish Channel ...

i think it'll bounce off 1.070 and go up to 1.0780ish before coming back down into the main bear channel ...

We will see it come back down on Elliot Wave - A B C leg, possibly coming back to the 0.618 of the Pitchfork - 1.0650.

Going to play it safe here. If it pops out of the Bear channel then it has a potential to change trends which is why i have the new pitchfork pointing up. Possibly trade after ECB meeting tomorrow.

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