As expected we got a nice drop
on the Euro
over the past two weeks, but it has finally stalled out a little here. Looking at the Daily charts
we are still bearish
overall but are in the middle of a drawback. On the 4 hour we are looing like we could possibly get a move a little further to the upside with all the bullish
confirmations we have. I am continuing to watch and see if price falls to the flat part of the cloud and then we get a bullish
kumo breakout. If that happens I will enter a buy, but I will look to get out pretty quickly at the blue line I drew as a TP. If the daily starts showing bullish
signs then I will stay in this trade as a buy since that may signal a reversal.