Something to think about:)
This what EURO index is telling me. Of course this thing is not EURUSD or EURGBP or EURJPY but it gives an idea what EURO is doing as standalone asset vs 3 major global currencies. The DM breakout of the last descending supply line is of some concern of course but it was not a good quality breakout (sidewise). Poor breakouts generate poor moves. Take into consideration previous failure on monthly. Bearish DM breakouts were valid on the other hands.
This what EURO index is telling me. Of course this thing is not EURUSD or EURGBP or EURJPY but it gives an idea what EURO is doing as standalone asset vs 3 major global currencies. The DM breakout of the last descending supply line is of some concern of course but it was not a good quality breakout (sidewise). Poor breakouts generate poor moves. Take into consideration previous failure on monthly. Bearish DM breakouts were valid on the other hands.