CME Euro FX Futures 6E

Red, sorry ,i was already asleep when you posted!.. I haven't had much time to look at it, but the daily chart indicates 1.3826 coming. Cycles are not very clear.... here's a real short term peak (10 min chart).. id be buying anywhere around the lower prc band...

Here is the look coming into the announcement from ECB. Hovering over yesterdays pit session low.

I think the press conference is where the fireworks will be .. if there are any ...

1.4701 is a 50% retrace of range

Originally posted by redsixspeed

1.4701 is a 50% retrace of range

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was that short covering there

I think today's close is going to be awfully important for the intermediate trend.

Originally posted by redsixspeed

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was that short covering there

trying to lift off the 61.8% retrace of range ..

30 min projection down.

Originally posted by redsixspeed

Originally posted by redsixspeed

1.4701 is a 50% retrace of range

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was that short covering there

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backing off that 1.4701

at this rate the volume will be bigger than it was yesterday

Originally posted by redsixspeed

Originally posted by redsixspeed

one min. bar showing accumulation

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distribution *

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That one min. candle was very telling ..

At $85 billion/month, it cost Bernanke a little over $1 million for each job created last month. Well done, professor. -Tim Knight