While there is all kind of news and stories including going on including one of the biggest European Bank bail-out ie. SG, Societe General plan in France I started to look daily chart of Eur-Usd first time for 4 months.
This chart does not include any premilinary marketdata for this weekend but I see it actually pretty neutral and normal rather than any dramatic.
Basically it has been under consolidation mode all summer and part of the spring also for several months to build potential contracting triangle which suggest ElliottWave is placing IV botom for it and could open fifth impulse. I haven´t check weekly chart for it but also MACD is and has been very neutral with it. Those while lines are just weekly and monthly pivots for it since it hasn´t move much anywhere. My simple thought is that 5:th wave is underway.
Edit: Attatched below another one as zoomed chart for that daily one. Looks alike Greece failure bet size has saw disappointment in this summer, euro didn´t crack. Third of Wave wave upside impulse is scenario I would suggest because weekly have ABC drop behind for my eyes but still, it is has nothing abnormal.
