We have several contradictory signs for the Euro this week as below:
* The Double-Bottom (A) was formed in a very short period of time betwen its two bottoms, which cancels it. But;
* The Double-Bottom (A) was formed in a very short period of time betwen its two bottoms, which cancels it. But;
* The vertical dot lines show a very important Bullish Divergence for all oscillators, which strongly favours this Double-Bottom;
* The Bullish day (B) on May 27th also favours this Double-Botton. But;
* The next day (C) should be a Bullish one as well, which is not. But we do have to take into account that this can be simply a short-term Bearish correction;
* We have a significant Wedge Falling pattern, which is a strong continuation pattern of the current Bearish trend.
Therefore our strategies are:
* SHORT below 1.2235 / 1.2178 / 1.2145
* SHORT below 1.2235 / 1.2178 / 1.2145
* LONG above 1.2385 / 1.2460 / 1.2522 / 1.2600 / 1.2675
