Euro love coming

٢١ سبتمبر ٢٠١٥

We stayed out of the Euro last week to let the FOMC announcement shake the "playa's" out of the market. Even after the hoopla, price is still contained inside the wedge. The daily chart is ugly so we look at the Weekly to give us the story. If we get a weekly close outside of the wedge expect them to eat up the supply from the week of 8/24 and try to run the stops at the August highs. If they break it to the downside a test of the March lows is in order. Either way we have a weekly signal that is setting up and when fired will run for a while. For now we wait and keep a close eye on it.