My apologies but i have been too busy trading this volatile market and doing other activities that i have not had the time to update this blog and do any other activity. Anyway, now that the market has settled down, i have some time to update this blog. Attached is the hourly chart of the euro where i have marked off the top and bottom of the latest control bar in the euro.
The top comes in around 4225 and the bottom comes in around 4150 and you can see that the price has been contained within this band for the past several hours. This shows that a breakout in either direction is imminent. So, do wait for a breakout from this range and take the trade on a breakout and associated price action. Once a breakout happens, i will post an updated chart.
