Well there was a big melange of information in the last 24 hours which has put the FletcherGoldman signal under pressure. The jump in the EURUSD is the key driver for the momentum halt. The EUR experienced its strongest 24 hour rally this year, and the move was driven by a number of factors:
1. Greek debt deal
2. GE-US Yield spread
3. Speculative positioning
4. Strong Eurozone data
5. Weak US data
The big news was the Greek deal, however there is a lot of water to flow under the bridge before a final agreement can be made. So unless "news-worthy" progress is made each day, the euro may find it hard to extend those gains. Fingers crossed there's a stall!
