LadyLex
Long

EUR/USD Correction, Long Bias Until...

FX:EURUSD   Euro Fx/U.S. Dollar
88 0 1
EUR/USD             has made a correction move all week. Next week we may see a continuation to the downside. Until then it seems as if a bearish Gartley pattern may be forming for the next plunge to the downside. There is hidden divergence on MACD also forming and Point C is Sup/Res on the hourly chart at 1.0720 to make a 1.27 Ext into1.0920. As long as that upward trendline is intact, I will be looking for long opportunities. Next week is full of data releases which may cause us to finally see a break in the upward trendline for further downside. Once it breaks, Short Positions my friends!
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