After the Euro weaking towards the end of last week on the news of the QE programme been extended this has created the break of the neck line on the daily H+S pattern. Please await confirmation of a continuation and see how the market opens tonight see how investors have reacted to the news of Catalonia's independence.
So with the ECB decided to extend their QE programme for another 9 months its went into meltdown later in the week, stuck in a range of big support and resistance. On the 4HR we are seeing rejection at the support level and over sold on the StochRSI so we could see a charge back up to 134 level. But more realistically the Euro going into meltdown, if it breaks the...