Can I see EG fully breaking a trendline
not broken since December 2015? Nope! I can see it pushing inside back towards the previously failed area but with support from the 50% Fib level, the 100SMMA & the weekly support line it will take something major to push this through. Something such as EUR GDP & CIP fundamentals on Wednesday, or GBP interest rate decisions on Thursday. Too much volatility
I am going neutral this week.