@Curtmeat10, I don't have open positions yet as there was no candle stick confirmation. EUR/USD is still bullish. Its a long term analysis so could see bearish movement next week or two. I will look to open positions next week at 1.6550 to 1.6600 if i get confirmation. Good be a good 300 to 500 pips in the near mid term.
@Curtmeat10, Long term yes it should drop it has the potential to drop 300 - 500 pips but not over a week, maybe two or three weeks. The EUR is strong at the moment and the AUD weak so currently its not looking good. if AUD can find strength next week then expect this to start falling.