EURUSD potential breakout

1 thg 7, 2017

The EURUSD is at a top going back years. Examine all three of the points where it touched this top trend line, the first two were rejected outright with immediate down moves. This Third time the price action at the top is different. It is lingering and may breakout through the top, time will tell. Because of this topping price action, and the political pressure for the EURO to rise, as well as Trump's expressed desire for a weaker Dollar, I am expecting the EURO to strengthen and breakout. Watch the topping action for signals of a continuation move, probably a breakout followed quickly by a retrace (hook and go). Good luck ALL!