Not much to trade this week, therefore no much comments on my blog.
Here are a few thoughts on daily and weekly charts:
From a daily point of view, GBP still in it's rising mode, In my opinion this pair needs desperately some retracement, however I admit that it may not happen this week yet [but certainly we can expect at least on falling day this week]
Euro is trying to fight its way up, and there are some hints that it may finally manage it. If it will happen UJ will probably stuck in range between 88 and 95, and DOW will start to gain.
Of course this would be the best scenario and I give it 40%.
From weekly point of view:
1.24 to 1.25 is a bunch of key resistance levels, so if EU will work above 1.25 way up is wide open for this pair, especially if GU retrace in a meantime, so it can gain freely.
EURJPY is in quite a bad shape now, and this may be an obstacle on a way up for Euro in general.
Gold and DOW will be for me heroes of a week, I will rather no trade them, but their behaviour is likely to trigger trend change for Euro and general market sentiment.
So still no setups, but there is certainly direction where to aim.
