Here is a recent update on the euro…

Weekly Trend direction: Bearish

Weekly trend reversal level: 1.4050

Key G7 resistance levels: 1.3900, 1.3940, 1.3980

Counter-trend and scalping opportunities: Long 1.3800/3780

Update 27 October: Dropping as expected and yielding a good profit. We have reached key support at 1.3800/3780, and there may be chance for a counter-trend buy trade here, after a clear entry signal. So far everything is set up, and we need only wait for the trigger. If we rally to the resistance levels listed above, we’ll be looking for a trend direction short position after an entry signal.

Summary: Try small counter-trend longs around 1.3800/3780. Exit longs and wait for a signal to sell at resistance levels

listed above.

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Cheers,

Chris