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.

Seven minutes and counting until they announce no charges for the cop that shot and killed an unarmed kid multiple times with his hands up in the air saying he gives up, from 108 feet away.

Another delay. I guess they think they still haven't added enough additional police and reinforcements for when they announce 'no charges filed'. They want it to get really cold and really dark so people might be less inclined to riot. Yeah, that's going to work.

Showtime...

No indictment on any charges. Really? I'm shocked. It was never a debate, it was a done deal the second the kid hit the ground. Always has been in the U.S.S.A., always will be. Welcome to AmeriKa.

Triple top just under top of the area and the Euro looks ready for final push into it.

Was this a final violation of that top?
It's not exactly what I assumed yesterday evening, but still good to go short I hope. We will see.

Originally posted by MarcinO

Triple top just under top of the area and the Euro looks ready for final push into it.

No. The area is well overshot right now.

This might be it for the Euro.

These FX moves sure are something.

Yes. Dollar was surprisingly weak today.

nothing makes me happier than seeing the trend resume ;)