Quoting MuddBuddhaDislikedI'm still long sinc ethe daily chart crossed. I'm about 81 up as I write. Expecting it to "keep on truckin" to 1.2500 and beyond as long as it can drive through the 1.2460/1.2500 resistance level.
Tell ya man, unless something starts to turn this upward trend around, 1.2600 may just be another bump in the road to 1.3400!Ignored
1- The EUR/USD will continue the minor uptrend reaching the 1.2600/1.2650 area and then start pulling back south. This is the least probability scenario
2- The EUR/USD will start the downtrend extension right away, since the 1.2484 reached on the 12th of August is already the max point for the minor uptrend and at the same time, it's the 50 % fib retracement for the recent dowtrend. And this is the high probability scenario
If you can notice, the 30 min and the 1 hour charts show a dowtrend just after the pair reached the 1.2484 price, that's why I suggest that the second scenario has a higher probability.
Thanks,
Nader.