Euro Bounces

Good morning all,

The Euro has done a bounce. The 0.786 fib is at approximately 12900 and we could possibly see a bounce to 12916 if the uptrend continues. The DT Osc shows a bullish signal at present but unless we surpass the 12980 we will return to our downward movement. I have a sell order to open around the fib retracement area with stop above 12980.
Please do your own analysis and if you are unsure then the best thing to do is stand aside and wait until you feel more comfortable to short the Euro.

No chart attached as outlook has not changed.

I will be divulging some very important news within the next week. Awaiting US Govt approval.

Best of luck.