The following is EURUSD daily chart with long term technicals, a break of the broken long term uptrend line (yellow) which was surving as a resistance was supposed to send the pair to test the next resistance at 1.4907 (also .50 fibo off 22/7 decline), but later during the week, price retraced to test that trendline but yet no significant bounce occured, on 25/9 daily close we had what looks like a pen (trend reversal sign) but this reversal sign followed by an uncertainty sign (price closes in the middle of the candle), from the fundamental side, traders are not sure about the bailout thing, together with weekly price closed to form what i consider a reversal sign leaves me with no clear bias or direction,
I will stop short term trades for a while, I will short the pair if it reachs 1.4900 area and I'll add more shorts when indicators confirm the scenario (unless a new fundamental disaster occur).
Blue Violet lines represent monthly technicals.
Red lines represent current timeframe technicals.
I will stop short term trades for a while, I will short the pair if it reachs 1.4900 area and I'll add more shorts when indicators confirm the scenario (unless a new fundamental disaster occur).
Blue Violet lines represent monthly technicals.
Red lines represent current timeframe technicals.
I recommend you read something else as this sentence is now concluded.