EURO appears poised for a massive price breakdown

Recent price rotation near my Tesla Arc indicator as well as near the upper range of the price channel shows a very clear indication that price will likely break downward - quickly. I would not want to be long the Euro at this moment and I would expect some continued strength in the USD as a driving force for this move. Either the USD strength will drive the Euro lower or the European Union will experience some news event or additional political crisis that causes fear to drive prices lower.

Yes, there is a change the upper price channel can be broken and prices could move higher, but right now (below the Tesla Arc), I don't believe it will happen. The currency markets are setup for a period of increased volatility over the next 3~6+ weeks. Be prepared for some bigger moves ahead and make sure your exposure is contained.