FX markets

Last night 3C didn't show any divergences toward EOD as I said in the wrap up, this seemingly directionless market seems to confirm 3C's bland readings. However, the EUR/USD pair as I said last night, seem to be filling out a Head and Shoulders top nicely.

 Above is a 1 min chart of the pair, the Euro just broke support of a mini head and shoulders that is part of a bigger right shoulder below.

Here's the hourly chart with a H&S pattern in the Euro and the right shoulder seems to be heading toward completion, this would mean a top in the Euro and a stronger dollar which would effect most classes of investments from gold, commodities and equities, al negatively.