EURUSD

I  have a few projects on the go at the moment and have been a bit lax with posting here. However, I have been working in the background! The EURUSD is at a very interesting juncture at present and I have been watching the weekly chart of late and how price has been reacting around the 45 degree Gann line of mirror square of the 'all time high to low price square'.

This first chart is the 'all time high low' Gann Square. I have overlaid a 10 year Hull MA to approximate the median price action as it moves up and down the 45 degree lines. Quite clean up until that 1.6037 top.

This second chart shows the same time/price square as the first chart but recommencing at the all time high. In Don Hall's work on 'Pyrapoint', the top triangle above the 45 degree line contains the bullish price action. Given price has been coming off the all time high, it is evident that the EURUSD has been somewhat less than enthusiastic about assuming these bullish expectations. Price and time has now made it to the underside of the 45 degree line representing that divide between bullish and bearish expectations. The 10 year Hull MA has not been as absolute as the prior chart, but it is red and price is under the 45 degree line. I have drawn these charts in analog, not log, because the Square action looks better, which may or may not be the right course of action going forward. So, will price capitulate here into the 'square' anniversary marked by way of the white circle, or attempt a reprieve above the 45 degree line?

This last chart shows the daily bars with a smaller Gann square representing 2012's high and low journey. Price took out last year's high, back in February but then retreated back into last year's range, albeit in the top half of that range. For now, the 200 day Hull MA is bullish but flat and with the momentum nest looking overbought in ranging conditions, I am looking for a rejection of last year's high again, along with the failure of the 45 degree line in the second chart. An initial target would be last year's low for me and the reaction to that low, helping to determine the next leg of the journey. As I said at the beginning, interesting times.