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.
JI
jimkane
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Just pop it again, already. Geez, it's almost over. Just give it to me, baby.
JI
jimkane
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Oh, that's just plain mean. They bring it within three ticks of the all-time high, right into the cash closing bell, then swooooosh it down hard. No problem, the tight stop takes it right off, but it was looking like they'd blast it over, catch the illiquidity of the week, day, and time, and pop it way up. Instead, they take 'em out hard. That's just... mean.
JI
jimkane
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I was going to post it but I didn't bother, that I thought 'Now watch them gun it up after this harsh shakeout'. They got to the overnight high, within one tick of the all-time high. The upsloping coil is close to popping, and I expect a massive pop up when it gives way. Same old, same old.
JI
jimkane
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I think they'll get the all-time high any time now in the after-market.
JI
jimkane
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Anyway, as expected, they 'got the stops' and hit a new all-time high, besting the old one by 2.25 points. Some surprise. Not.




