EUR/USD: Follow the yellow brick roadEuro / U.S. DollarFOREXCOM:EURUSDjvrfxalertsHello traders I have utilized MTF(Multiple Time Frame) analysis for this idea in addition to the current fundamental environment. The previous weekly levels can often be a good starting point for where this widely traded pair may head next. On these charts, price has failed ahead of the weekly close of 1.1775. So far. Fundamentally, the details of the USA/Euro Zone trade deal or framework for a deal, are not very clear yet. Which industries will be hit the hardest in Europe? Fine French wines, Stinky Swiss cheese, Monster M cars from BMW? Take your pick. In my mind, as a consumer, both the USA and the Old Country have significant strengths in different arenas. As American consumers, we are now going to be forced to some degree to become price conscious one way or the other. Or maybe not. I'll still be sipping California, French or New Zealand wines. As for the economy: These "deals" DJT has made so far with Japan and the Euro Zone, once again, smacks of a strong arm policy, more than a reasonable and fair agreement. Time will be the deciding factor. As we have seen over time, trade agreements mean nothing. The WTO is a toothless institution. The IEEPA ruling heads for the Federal Appeals Court this week and no doubt all the way to the Supreme Court. However, based on the available information, I am observing the charts by looking back at how the markets react at the Sunday open. It tends to retest weekly OCHL levels first. As for the USA/EURO zone deal, if it plays out according to news reports, it seems to be logical that a lot of Euros will have to be converted to USD. But feel free to correct me. Therefore, until Wednesday and the FOMC presser, I am short EUR/USD. Best of luck.