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What do you mean, you don't understand?
DSERG?
maybe... but then we'll be on our way up. I'd like to hear the wave-makers' thoughts...
Where do you want to go?
If you look at the daily timeframe there is a clear pattern of a takeover - which clearly indicates a change of direction in the daily trend... In addition, if you look at the merger of two daily candles then clearly comes out a shooting star - quite a strong candle on the change of trend...
It will not go far upwards - the EUR is at the border of the 4 month channel - hence only downwards
In that case it could be like this, the market is crazy.
Where do you want to go?
It depends on how we close the weekly candlestick. Most probably I will work from the current highs downwards with close targets, as possible break-up attempts and rebounds. From 1.43 we should consider an upward move to 1.45. But in general the global trend is close to the reversal. I think that the quantitative easing has already won back the market and we saw the last ones getting on the train, which know where it goes :) this is a simple plan
If going down we need to break through the flat zone with confirmation.
If you look at the daily timeframe there is a clear picture on the takeover - which clearly shows a change of direction in the daily trend in addition if you look at the merger of two daily candles then clearly comes out the shooting star - quite a strong candle on the change of trend...