The Euro made a huge drop on Friday and still has a plenty of room to go.
It stopped at a very technical spot, so I'll be looking at two areas to continue to the downtrend: 1.2420 with best timing before European open tomorrow and 1.2440-50 which may produce a reversal at any time before tomorrow or on Tuesday at the latest.

TL backtest at 1.2405 with couple of other things coming together there is a very short term opportunity, if any, in my opinion.

I just keep wondering if this will dump into the close. It makes no sense, yet I keep wondering. Not that anyone, myself included, cares. I should be off, getting ready for some holiday festivity of some kind...

And this 'dump', which would look just brutal on the 1-min chart? It might be 4-5 points... Just stoo-pid.

4.50 point range for the entire day so far.

Dump time?

The Euro has made much larger correction than I expected.
There are plenty of TLs in 1.2530-50 range and some less visible lines coming at the top of it. If this one works it would be, to some extent, a repetition of correction which ended on 29th of October.

They really made this look weak, and it's acting like my original thought, up into the close in the last half hour or last hour, is now the play. My bias is long, ride until close, so I like that, but it wasn't looking so good before.

Nice chart, Marcin.

Nice little pop. I'm liking this.

Notice, again, how they made it look for all the world like it was going to dump, and then they went up with it. Same old, same old.

I would really appreciate if they would just set the new all-time highs going into the close.

nothing makes me happier than seeing the trend resume ;)