GUPPY PERSPECTIVE ON EURUSD

The Guppy system of analysis is one of the most logical and transparent that I’ve come across. The perspective on EURUSD below, gives a picture of a trend breakout to the downside. Spikes in or through the slow EMAs (in red) have been rejected. See two snapshots below.

The screenshot below speculates on what may happen. The SYP applies.Screen Shot EURUSD 07-08-15 at 01.42 PMWhat happened next a few hours later:

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