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Good Monday Morning Traders, Well EU did lose steam and sold off. Notice how price "obeyed" the Warning Lines (WLs). Just keep your eyes and mind open and follow what it does. Red dashed fork I call a "What-If" fork. These terms are also defined in the Glossary on the blog. Take care...

Hello Traders, EU in an interesting spot...looks like it has been making slightly higher highs and higher lows, but in a tight spot to go higher (resistance areas). Just gotta go with what price shows whenever it does...in the doldrums at the moment I guess. Take care, FX4Newbies

Good Morning Traders, Well EU did make it to U-MLH on the Daily yesterday. It has been consolidating for a few hours...maybe looking for a support or resistance area. Let's see what we get next. Take care, FX4Newbies P.S. Still working on getting the flow...Quote from Linda...

EU still trying to push higher. Price seems to be stair-stepping on WLs as it goes. Approaching an U-MLH on the Daily (not shown). Just be watchful. Take care, FX4Newbies

Hello again, Showing an updated chart of the EU here on H1. Price ran out of steam at the U-MLH/WL intersection. Price on Daily at a point of decision. Wait for the tell. Take care, FX4Newbies

Good Monday Morning Traders, Hope you enjoyed the weekend. Here is a chart of the EU. Trying to go higher but in a corner. Will the bulls win? FX4Newbies P.S. Red fork (Mod. Schiff) uses a virtual pivot for Pivot 1

Quick post. Price has be respecting WLs. Lots of news today. Trade well. FX4

Good Morning Traders, Major news today. Sometimes news can push price to target. Be careful trading...so will I . FX4Newbies

Hello Traders, Here is my view of the EU at the moment. Hopefully it will help to clarify what you are already looking at. Take care, FX4 P.S. Busy day again today.

EU has been very choppy...short swings with long shadows. At an ML on the Daily. Maybe there is a big war going on. Don't get caught in the cross-fire :). FX4Newbies

Just letting you know that the weekly chart wrap-ups are now posted on the blog. Also, please consider taking the poll (just one question). It would help in determining the next step to help traders. Thanks, FX4Newbies P.S. Also posted a new article: Strength Training For Trading.

EU continued south after the NFP announcement. Weekly chart wrap-ups should be on the blog tomorrow. Take care, FX4Newbies

Good Morning to all, EU has been trickling downward. Approaching support. Just let price lead. Take care, FX4Newbies

Price continued to fall and is bouncing off of the red ML on the chart above. An ML entry is always tricky because of the conflicting possibilities. Trade your edge or use a shorter time-frame for quick trades if you must click . Take care, FX4Newbies

Price did not make the ML intersection and could not hold above blue HL marking area of resistance. From there it went south. Updated chart attached. FX4Newbies

EU is now battling with some resistance. FOMC Minutes later today. ML intersection above. Price still in uptrend territory. Let price confirm which way. FX4Newbies

Good Morning Traders, Well, thus far, the EU had been showing sings of weakness. Found support at L-MLH of teal green fork. Will have to see if it can hold. Red arrow shows area to watch. Don't presume, just let the market confirm. Take care and all the best for the New Year. FX4Newbies

Weekly chart wrap-ups are now posted on the Blog. FX4Newbies

Hello again, Price at WL1 finding resistance. Needs to find support and more buyers to go higher. Take care, FX4Newbies P.S. Hope you enjoyed the holidays. Weekly chart wrap-ups will be posted on the blog late tomorrow.

An updated view of EU. Take care, FX4Newbies