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Panjang

$EURUSD | An Awakening to Happen

FX_IDC:EURUSD   Fx Euro/Dolar U.S
60 0 4
FX_IDC:EURUSD             Folks, next week's sessions, I'm looking for a retest of a bullish breakout above $1.0811 with follow through to $1.0833 level. Should price action waiver at those levels, then expect a retracement back towards last week's lows of $1.0735 with further pullback towards $1.0677. However, a pullback extending towards $1.0611 could indicate exhaustion and the resumption of a sideways price movements for upcoming sessions. A bullish EURUSD             is supported by continued weakness in USDJPY             , coupled by higher price action in crude oil             as indicators. Take out the popcorn bowl, it could get interesting from here.
Komen: Well folks, just as described, a retreating EURUSD over the past few trading sessions, saw it retesting the $1.0610 level, before it's reversal. Notice the inverse price DIRECTION correlation to USDJPY ? The Algos are using USDPY'S strength to exert downward pressure onto EURUSD. AWESOME.
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