EURUSD

The red vertical line is my estimate for the next 10 day low, but can be off by a day or two, so with the weekend in between, one needs to be careful. The red 'straight' channel is the 10 day regression channel which is facing clearly uphill, being anchored for the moment by the strong basing achieved at the 1.3526 square root progression step. The red wiggly price envelope is the 10day volatility range and the blue straight channel is the 5day regression channel. Price is coming into the 10day low at the bottom of both the 5day regression channel and 10day price envelope and the bottom of the 10 day regression channel. The 4hr momentum study at the bottom of the screen is oversold. The green/blue bands under the price are the daily bollinger bands, and are pinching, suggesting a break out move is coming. Given my last post and the placement of the 10day FLD and given that this move down has not taken out the 1.3506 low and can be counted as a corrective 'b' wave, there is an awful lot in the bullish pot for me. If that low is taken out, then the trend is down and I'll not be fighting it. But I still prefer northbound but need to see the daily pivot captured at 1.3586 to get excited. We shall see.