EURUSD

On the usual time vs price 4hr chart, price has now made it back into the regression channel from 1.27541. Readers may recall that I had anchored the top and bottom so that new price data did not affect that channel, thereby providing a line in the sand. The breach of the regression channel coming down from the top and the break back into the channel going up may or may not encourage the bulls quite yet, but if the LTL holds a retrace in due course, shorts should be even more careful than when I last told them to be. Of interest is the momentum nest which has come in on time but is fighting an overbought weekly and monthly combo as discussed in the weekend report - see right of screen for a link. Regardless for now, price is doing everything right for my longs and is now sat right at the weekly FLD, with both the 2 week and 2 month sat right above that. If price gets through this sticky zone and the weekly pivot at 1.3508, then that 20 day green FLD at the top of the chart is going to be calling very hard.