€$ Tuesday 28th Dec

We are back on the same RL (shown at the very top of the chart) that runs through the recent price history of EurUsd and we are now approaching form below and price will need to break through to continue going higher....this will be a good indication of the strength of this minor & current trend. A considerable amount of posts were dedicated to this particular RL which belongs to a significant fork in a much higher TF. Here is a link to see this in more detail when price was on its way down on Dec 17th. I suggest an initial failure at this line today but think we may see the Euro higher in the following weeks before the USD resumes its ascent in the DX chart. You can also see the ascending reaction lines (bunched together closely at 45°) which have carried price higher. From my observation the angle of any RL is often critical regarding its effectiveness and the strength of reaction that follows.
Please remember that the chart shown here contains a reaction line grid and many other RL's ( all drawn automatically by an MQ4 custom indicator) and is only of use to me in 1 or 5 min TF. Above this time frame the chart is too congested by lines/objects BUT it is possible to have as complete a picture as is possible of price by having RL grids in multiple TF's.