Weekly analysis: EUR/USD

[justinefx]

Hi Guys out there..
This is a huge opportunity for me to post in this thread and share my FX reports with amateur traders as well the professional ones.
So here it goes,

Weekly Trend direction: Bearish
Weekly trend reversal level: 1.3720
The euro has broken above the large flag formation which has dominated the technical picture in 2006. Now, whilst above 1.2900 (1.2800 max), the euro remains in an uptrend which is heading back towards 1.3800, and possibly higher still, towards 1.4100.
suggestion: We should be able to rally from here back to 1.3550 and perhaps 1.3600, where we will be looking for opportunities to sell.
Counter-trend opportunities: 1.3400