Since I stopped by here is my current technical analysis (although I've been tackling the Eur/Jpy beast lately..the eur/usd pair range is too tight for my tastes right now)
Chart is self explanatory...we are range bound within an ascending channel. Upper wall has proved to be strong resistance for a while now (good short entries) and the lower wall has not been tested lately at all. In my experience when pa sticks to one wall it will move sharply towards the other wall eventually (and possibly break out in that direction..in this case down). For now...1.3960 is the battle ground...anything still goes
Chart is self explanatory...we are range bound within an ascending channel. Upper wall has proved to be strong resistance for a while now (good short entries) and the lower wall has not been tested lately at all. In my experience when pa sticks to one wall it will move sharply towards the other wall eventually (and possibly break out in that direction..in this case down). For now...1.3960 is the battle ground...anything still goes
Different opinions highly valued, ignorant to slander.
