EU has broken down from it's latest attempt at a trend break out. Having failed to progress it is now coming back down and has just completed the week by breaking down from its first retrace after the initial drop from the top. Continuation is expected and a short position was entered at 1.1126. 
Trade active
Should continue down to the 1.07 area from here. Trade active
Expected a retrace, but it looks to be continuing to target around 1.07 Note
Expecting a correction into the 50% zone before continuation down. Trade active
Profits were taken with the dot cross on the move up, but a long was not initiated. Currently a top has not been established and it has closed well above the 50% zone. It could retrace right up to (or through) the 100% level. It could also put a wick across the 75% line and reverse. We'll find out next week. Note
Mistake above: it's the 7/8 line, not the 3/4, that needs to be confirmed as a limit here. It could easily keep going higher. Time will tell.Trade active
Strong move up may be finished, but it has not developed a top just yet. Staying short around current price for a pullback at least to 50% of the run. CV could put more pressure on the pair over the coming couple of months. Trade active
Waiting for a HiLo Activator short entry to develop. Trade active
target level is around 1.1360. Trade active
Delay of game for a retrace. I still think it will go at least for the 75% line if not the whole 100%. Trade active
Could go either way in the short run. Will enter long if indicated otherwise I'll wait out a retrace and then go long. Trade active
Short from 1.10. Looking to see if this support breaks. Trade active
Short from near the high at 1.0996 Trade active
Should head lower this week. Trade active
Short from 1.1325 on the RSD. It won't be confirmed until Mon/Tues with a lower low, but it looks pretty good so far. Trade active
Whether or not this continues down will be up to the strength of DXY. If DXY continues to recover from its dive, EU will continue down. First stop around 1.10 and then on to somewhere around 1.06. 
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.