The EUR/USD has appeared to have to topped as projected last week. It has followed the channel resistance well so far. A nice close beneath the previous low will also break down the upward sloping channel at 1.0710. A nice close beneath that level should trigger heavy selling pressure with the wave ii) high remaining intact. Once we get a convincing move downward I will restructure the chart and channels to the downside. Look for lower levels immediately from here.
PLEASE NOTE: THIS IS JUST AN ANALYSIS BLOG AND IN NO WAY GUARANTEES OR IMPLIES ANY PROFIT OR GAIN. THE DATA HERE IS MERELY AN EXPRESSED OPINION. TRADE AT YOUR OWN RISK.
