The Euro.

Good evening Dynamic Traders,

Sorry for tonights post being delayed but have been trying to get on to the blogger page for over an hour and half but could not access it.

Today has certainly shown some promising moves on the markets and one of them is of the EUR which could possibly have moved into a position for a continuation, as it has now broke its recent consolidation high which has also surpassed the strong '000' figure area.

However trade this appropriately with your correct filters as the MACD indicator is showing divergence across different timeframes indicating a possible pullback could be due.

A fibonacci reversal area is due north which is clustering with an extension which could be the resistance to cause the pulback.GetStochastics is also showing false bars to the upside as expected.

As always please ensure to do your own analysis before taking any trade.

Charts courtesy of AdvancedGet.

Good luck.

Clayton Farnworth.