The dilema of buying Euro

In my last entry on EUD, I mentioned my hessitation due to three black crows. Seems like I was right in my reading the last round. Since then I have been checking up on EUD to see if there is a possibility of reversal.


Fig 1 EUD Weekly Chart

As I am reading this chart, I am becoming more skeptical. If base on the swing move, EUD is almost at its destination (178.424). Yes, the indicators are right a the bottom and looking like they are processing a divergence. So this would mean a reversal up, wouldn't it?

The problem is here. Between 2003 till Sept 2008 formed a huge double top. It has broken the neck line before but for some reason, it reversed back up. This time round, it penetrated (sound dirty) the neckline again and went even further south. The objective of this HUGE double top is 162.356.

So should EUD reversel up again, it is likely to be resisted at theneckline of 191.871.

So what to do? Plan a tour to Europe next year, starting with Greece.