Yesterday I had expressed my concern if Euro has the Guts to move above the breakout candlestick.
As you can see, it could not do it convincingly and making a congestion pattern at the breakout point. .
My “---” indicator had given Long signal by yesterday afternoon, which resulted in a widespread rally. Now that it has gone SHORT.
If it is not reversing, we may see surprises.
But if it goes up once again, you may see a huge rally.
I will try to give you update as soon as possible if it reverses...
As on now, it does not seem to be a sustained rally rest of the day.
Please note that this is only the present condition and there is no rule that it cannot reverse in the upward direction abruptly.
Disclaimer: The views expressed herein are to be used with your own discretion and neither analyst nor the publisher will be responsible for the outcome.
