One would have thought the KR Down on the Weekly Chart would be dominant but the failure to consolidate on a a second weekly close below the 50% Fib at 1.3594 weakens this. As it is, we still need a close of over 1.3667 tonight NY time to even have a KR Up this week! Good trading!
This week we may end in a weekly key reversal upward in Euro.
That contrary to the downward key reversal you mentioned for last week.
And the reason is that key reversal after few weeks of decline(last week after 3 weeks decline) from a top are just not effective.
Probably this week the up-key reversal may be more effective after few weeks of decline.
London Misha 12:54:09 GMT - 01/24/2014
EURUSD - Key Reversal Up on Daily Chart & halts at mid Jan high!
USDJPY - Key Reversal Down on Daily Chart & break down through bottom of Descending Triangle.
GBPUSD - 4th White Soldier & new rolling 12 month high on Daily Chart.
USDCHF - Key Reversal Down on Daily Chart!
EURGBP - Pipe Bottom as market bounces up off support area 0.8154-0.8194 on Daily Chart.
AUDUSD - Opening Black Marubozo on Daily Chart with new decade low on Daily Chart.
USDINR - Market continues in Sideways Coil/Triangle Pattern on Daily Chart.
USDZAR - Opening White Marubozo & 2nd White Soldier after indecisive Doji on Daily Chart with new decade high!
USDBRL - 3rd White Soldier on Daily Chart.
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