XLM DecisionNow XLM depends on BTC and its moves. If it will stand still/go up in next 12-16 hours, we can possibly head higher. Other way we should prepare for a dive into 0.14 area. Time will show
Decisions
EURUSD At A Major Turning PointEURUSD has been trading within a MASSIVE consolidation wedge on the weekly chart for the past 2 years. Everytime the market gets near the edge of this weekly wedge there is always potential for major moves across all currencies globally. Here we are back at the top of the wedge, as the market is retesting a major structure level.
If the market manages to break through the gold region, which is the area between the weekly wedge and the structure, this will trigger a massive breakout on EURUSD, and dollar pairs across the globe. Retesting the infamous 1.1700 levels.
If the market is unable to breakthrough, it will drop back down a few hundred pips to gear up for another retest of the 1.1140 levels.
EURUSD POTENTIAL UPSIDE TARGETSLooking at the weekly timeframe, we see that EURUSD has been rejecting the level of 1.13500-1.4ish, and the Fib of 23.6%. We need a break and close above key monthly resistance+ trend line break at 1.15 which will lead us to 1.18500 + the 38.2% Fib. Also it looks like a higher high is about to be achieved for the EUR along with higher lows on the DAILY timeframe. As always keep it simple, but always look deeper at price action and not indicators which are not reliable. Threw the RSI for shits and giggles. ;)
