Euro is struggling with .447 of the bearish ABCD, but given the 200 days MA and lines slightly beneath the area, even it fails range trading may be expected similar to the one near the C point.

we know this setup from roofer.....and not just the setup but gap open into significant fib increases the odds:

awesome stuff today:

and again!

another view...

Okay, we are at a key 'backtest' area and some other things, so watch closely.

Otherwise, I'm just expecting new highs, again.

See?

Originally posted by jimkane

Okay, we are at a key 'backtest' area and some other things, so watch closely.

I think it is going to sell hard, but 48.50 should stop it if not.

It might push to 47.75, though. Notice how 48.50 stopped it dead.

Same old, same old. Now it's sugar.

http://www.zerohedge.com/news/2013-03-13/obamas-next-sweet-bailout

For the first time in history, I think I'm posting more on the upcoming demise I see coming than on trading stuff. Right now I'm just a thorn in everyone's side. Some day I suspect everyone will look back at ol' Crazy Jim and say 'Now I know what Jim meant when he said "If you bet the sun is going to blow up and it does, what do you win???" '

http://www.verifythecpi.com/2013/03/february-2013-cpi-report.html