(Chart contains more data, compare to EURUSD Japanese Candlestick Chart analysis in link-related ideas)
Just looking at things from a P&F Perspective. The last signal was Bearish, and it was one of the most vital trade signals that this charting system gives. The beauty of P&F is that it gives a clear picture of the trend and who is in control of the market. If this were going to go Bullish, then the 45-degree trend-line would need to be broken AND a Bullish counter signal. I don't personally believe that the EUR has the strength to do this at this point in time.
**Note** A very Strong Bearish Catapult signal is given here. I expect a minor retracement back to this area and then price action to push back down.
Just looking at things from a P&F Perspective. The last signal was Bearish, and it was one of the most vital trade signals that this charting system gives. The beauty of P&F is that it gives a clear picture of the trend and who is in control of the market. If this were going to go Bullish, then the 45-degree trend-line would need to be broken AND a Bullish counter signal. I don't personally believe that the EUR has the strength to do this at this point in time.
**Note** A very Strong Bearish Catapult signal is given here. I expect a minor retracement back to this area and then price action to push back down.
