Forex Week #24



Candlestick-Pattern: Hammer (Wednesday)

Seasonal: 57% up, 138 pips up, 116 pips down

Harmonic: MN AB=CD, bullish

I expect EURUSD to go no more up than to 1.1460.


EUR is still weak in COT-Index and USD one of the strongest. EURUSD is to correct down a little. Maybe it will bounce off to the upside. I currently suggest to go short.