Breaking out of a falling wedge on a bull trend. The white dash line has been my projection and leading fairly well inside this 1hr triangle trend we have been in. I suspect the euro will climb to at least 1.08873. That is a great spot to take short profits and not be greedy. I believe it to be the next resistance line. A brake out above that should send us up to the 1.09016 area. Again take profits prior to desired mark.
We are still waiting for a clear indication to which direction this market will take us. Still at 50/50 for the big break out but narrowing down. I believe this week will be bullish . At least for the next two days.
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