This week we should see a continued bullish move
After a swing to the upside and a failure at 1.10000. We can the euro to continue back to the downside over the next 2-3 week hitting the round number 1.00000.
After profit taking we now find ourselves with a great setup to re-enter the market with new positions.
Daily Time Frame showing signs of further upside and we now have a long setup on the hourly time frame
This pair has broken out and is now at the last swing high. Initial profits were taken here but the price action before reaching this level has indicated price will continue through the high to the next target.
THIS WEEKS EUR/JY SETUP 4HR TIME FRAME
From the price action over the past couple of days I would expect this pair to potential breakout to the up side
I EXPECT IT TO BE A VERY BEARISH WEEK FOR THIS PAIR
IF WE GET A CONTINUED BREAKOUT THIS WEEK AND PRICE REACHES CONFIRMATION AND CLOSES ABOVE ON 4HR TIME FRAME I WOULD EXPECT PRICES TO RALLY SIGNIFICANTLY.
I now have confirmation for the breakout for the dow and would expect a major rally to the up side