EU bounce expected

The double top created by the EU bears did a good job in pulling back. However failing in turning over the world economy so far and likely only to cause a stronger bounce going further back up imho.

Did not do a good drawing previously and changed the channel this time to touch the candle close more accurately. Which now discloses the channel break down to a level it bounced before in November last year.

The curved arrow basically indicates a move UJ needs to make, the difference between EURUSD and EURJPY.

Let's wait and see. Interesting times again!