Nate's Euro Analysis

[swordofrue]

Shouldn't have much movement due to the U.S. Holiday. So will have to wait until London open for any significant moves. I would like to note an interesting point, 1.5820. If you look at the weekly chart, that point has not been broken on the last four attempts. If price does close above 1.5820 then we get to look forward to the fun of 1.6 again. I don't see it breaking 1.5820 and am expecting a downward movement this week.

[swordofrue]

It is going to be a very interesting week. I am looking for a decent entry for a long position. Check out the pin bar forming on the Monthly chart. So I am going to try to find a good long entry to ride out. In hindsight there may of been a so so pin on the weekly I could of entered on. We have the daily approaching 236. So ill be looking for a pin on the 4h or daily.