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[Amy]

Pay attention to Piercing line pattern on weekly TF.
PL is a bullish reversal pattern, but because it is generated under linear regression strong resistance on quarterly TF, I anticipate choppy movements over the 1.26-1.28 range. This is supported by a hidden bearish divergence on 4h chart.
Aggressive swing entering based on the pattern should put stop under 1.2140.

Luck

[sunman4008]

Hi Amy,

Good observation..........

-Manesh

[stevefx]

One day after Bin Laden' s death announcement and seems to me that Euro stays up despite USD' s small recovery.
I am really confused about what will really happen. In my Zulutrade account, some of my Signal Providers are long on Euro and some short.
Must be patient to see the price....

[sunman4008]

Hello

Take the fundamentals out of the picture and look at the charts.   The charts will tell you what people are thinking. 

The daily charts show EURUSD is in a trend.  However, EURUSD has yet to experience a pull back.   It is due for some type of correction because it is getting to the overbought scenario.   Just because it is overbought does not mean it will reverse now.   Until price penetrates the Kijun Sen on the daily timeframe, it will remain in a bullish trend.

-Manesh

[stevefx]

I must show patience and waiting till Euro goes up. I have some open -long on Euro- positions in my Zulutrade account and want to close them with less possible loss if I can't have profit.

[sunman4008]

Hello,

Yes...patience is a key.

-Manesh