Disliked{quote} It penetrated that top yellow line. I am debating if it can be considered a HH. If it makes a HL near 1.3600 and manages to stay above that yellow line, we may not see 1.3xxx in a long time. Fundamentals are one issue against this probability. I am confused because fundamentals and technicals do not agree. One can see all the technicals but not all fundamentals. Decision is ours if we go with fundamentals or technicals. However, a 200 to 300 pip down move based on this chart will still be a business as usual. ps. Note the correction above...Ignored
Don't trade E/U as often as in 2012, lately E/U is more being dragged left and right by other EUR/X. If most EUR/X crosses are going back to price of 2008/2009 there's no way for E/U to go that low fundamental wise and what not. Exception to policy changes rate cut/hike, easing, FED, ....
Look at G/U because of G/J and G/J still has 61.8% to go to 2008/2009
Personal opinion could be wrong.