11/14 - 11/18

So far, I'm not quite sure what to expect from this coming week in terms of trading. Last week, we had some good news out of the Eurozone and some ECB intervention on Italian bonds which managed to drive some rallies in markets, which the Euro followed. We did manage a rejection of the previous flag formation UTL around the end of trading (the last four hours of the session) with a tweezer top formation on the 1H. This is typically a bearish signal, but the price action around it certainly doesn't feel very bearish and there's no telling what sort of news will be out this weekend as Italy is working on forming a new government as Berlusconi steps down and there are apparently still rumors of the Greeks leaving the EU. Currently, the Swiss Franc is also "overvalued" against the Euro so if there are any large moves in that pair, they're typically associated with moves downward in the EUR/USD pair. I'll probably look at my charts tomorrow afternoon for some technical analysis but for right now it's time for some sleep.