11/30 marked the end of this downwave of the euro, with an island reversal — but an ambiguous candle (by our reading. Others may have been cannier, especially with the volume climax.) Short term trendlines are also broken so short is not the way to be. But we don’t see a long trend signal yet. Unless you want to bet on the reversal day and volume. Most conservative would be to wait for the price to clear recent highs.
FXE. Euro adventures continue…
This Post Has One Comment
Leave a Reply
You must be logged in to post a comment.
I guess it should be that the 11/30 marked the end of the upwave, not the downwave. Right?