Is it only me or have u read the some so called experts do technical analysis on a daily basis. I find that their analysis very entertaining. Maybe they believe they are clever and market readers, but in my humble opinion they simply reveal their ignorance and say the obvious. BECAUSE NOBODY HAS CONTROL OVER THE MARKET. Nobody knows what the market is gonna do. (That is the reason why some usage indiors. And also the most posts/discussions are observed in the Trading System egorie. Everyone is looking for a system that could predict the market)

In short all the technical analysis are all saying is: The Eur/Usd might wind up, but then again it might also trade down.

That is similar to saying: It might rain , but then again it might not rain tomorrow

Please correct me if I am simplifying this or lacking some very significant calculations/formulas/guessing