Upside scope needs to breach 1.12678 (IMO) as the month progresses to validate a break from the descending wedge on the W1 (weekly). The drivers would be significant improvements within the EU zone economies and/or the converse for the US economy. ...

Hazarding a guess that many on this thread are looking at the lower timeframes - I certainly do. But then one also can take a look at the more historic view on the weekly too - especially at times when significant S/R levels are tested and broken. ...

Feels a bit like a ballon deflating - retrace not had/got conviction at the moment as we're heading for London close - a new bottom being looked for. Currently penciling at 1.12336 on historical H4. If it goes this way - could see some ranging in ...

I'm seeing tentative moves north and tests at key levels of resistance. Currently 1.13125 is looking for a further breakout towards 1.13185. On the 4H we have a ratcheting channel up from 1.11755 last week. Wave counters might start to see an area ...