OK, I'm sticking my neck out here with my view of the current trend on:
EU, GU, & EY
EU - Still up and no real signs of coming down.
GU - For now the trend remains long. Critical figure here is 1.6218 although if price goes, and stays below 1.6247, we should start thinking about shorts.
EY - looks like it wants to go down.
Critical Figure to stay Below: 121.20. Price making LH & LL. Top was April 11th.
My opinion, (of which I give out freely and is something you should carefully write down on a piece of paper, fold paper so it will readily fit neatly the nearest recycle bin) is that market is broadly consolidating and will then resume movement in one of two directions.
2¢
EU, GU, & EY
EU - Still up and no real signs of coming down.
GU - For now the trend remains long. Critical figure here is 1.6218 although if price goes, and stays below 1.6247, we should start thinking about shorts.
EY - looks like it wants to go down.
Critical Figure to stay Below: 121.20. Price making LH & LL. Top was April 11th.
My opinion, (of which I give out freely and is something you should carefully write down on a piece of paper, fold paper so it will readily fit neatly the nearest recycle bin) is that market is broadly consolidating and will then resume movement in one of two directions.
2¢