A trendline dating back to mid-2010 has given the EUR/USD
traction. Yesterday I observed (http://fxtrends2015.blogspot.com/
) that retail trading activity had hinted of a near-term base. This has been complimented by Monday's price-action, which highlights a falling wedge
. Typically, these type of formations are bullish
and with "big speculators" short positions at an extreme and the retail crowd set to sell into rallies, I think the stage is being set for a short squeze rally.