This week the fall in EUR/USD continue, but in Friday a strong rally happened. Let see the charts again :)

I. Wedge in USD index and EUR index:

USD index began to raise, enter the wedge again, then fall again outside it. May be, the support no longer is as is on my chart, but some points below, where the last bottom were.

EUR index:

EUR index - no big change, except raise from Friday. However, the raise is inside the wedge, also we saw such raises before - see yellow marks. Same situation is in EUR/USD.

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III. Wedge in EUR/USD:

1 week chart:
Similar to EUR index, no big change - the raise is inside the wedge, and there were similar raise before (yellow mark).

I still believe the way of EUR/USD is down, but we may see some more raise.

1 day chart:
This chart is added only because of brown line. I can not be sure if the line is correct, we will see this tomorrow, but if the line is correct, this will finaly prove that EUR/USD falling.

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IV. Summary:

If you are not in the market, do not enter in any way, stay aside.

Caution is warranted :-)

Happy trading :-)

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V. AUD/JPY watch:

No change from last week. We are on some support, but may be some more downside will come first.

Stay aside :)