Euro pairs

As expected after weekly bullish candle, Euro closed higher but R1 (resistance area, see first Euro update) held and price was 13pips short of R2 at 1.3850.

Euro successfully tested bullish flag and a steep uptrendline on dailies. Then after breaking to the upside, it is now testing the broken downtrendline. From here, I am focusing on my scenarios A & B. If the uptrendline at 1.3684 fails & in particular Euro closes below 1.3648 swing low, then scenario A is in play. But if Euro successfully tests either current downtrendline or upcoming uptrendline, then scenario B is valid with target at R3 (1.3946/66). Current play is to buy the test of uptrendline at 1.3690/1.3700 with a stop right below 1.3648. In this case I am envisioning the development of Cup & Handle pattern. Ideally I would rather not see it close below 1.3685.

 EURCAD
On weeklies it is within a Falling Wedge. To me it means initial down but ultimate up. On dailies, Euro breakout from the bullish flag was a fake as the test now failed. It is a sell with a stop above 1.3541. First target is the bottom of what was bullish channel approximately 1.3085. I myself bought the test but my stop is now hit.

EURAUD.
This pair closed above weekly downtrendline since Jan 19 and so long as it holds, this pair is bullish. On dailies it is within symmetrical triangle & a close above or below it will tell us where it is going. Within triangle, it broke out of the range (1.3426-1.3563) but has now fallen back and that is bearish and that is how i feel on this pair now. Close below triangle will confirm if i am right. It can fall down to test 1.3426 first and if successful, then test weekly green downtrendline. 

 EURGBP.
Currently it is within a triangle which in turn is part of the weekly downtrend channel. This is bearish. Last Friday was a shooting star & 2nd down day will confirm that it is bearish. Breakdown below uptrendline confirms the downtrend.

To summarise, EURCAD is sell, EURAUD and EURGBP are potentially sell. Looks like stars are aligning for EURUSD scenario A.

Good luck trading