This is our take in SBSTOCKS.COM today Wednesday 27 January 2015 on the EURUSD pair.
IN A NUTSHELL: On the weekly chart the EURUSD is bouncing back from what it looks like a @ 1.0450 levels.
For the past 53 days the pair have been in sideway movement preparing for a breakout/breack-down, bearing in mind that we are coming from a and the previous impulsive move was up, that might be signalling a breakout instate of a break-down. a simple correction might have been completed and a 12345 impulsive wave is in this way of formation. However with (1 or A) (2 or B) seems to be completed.
CONCLUSION: along my be a wise choice for the moment see the chart for Signal instructions.
Comments are very welcome