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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It sure 'sees' that overhead TL. It's wedged between two TL's now. Pop time coming soon, I suspect.
JI
jimkane
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Two days in a row of being bored out of my mind. I long for those days a month ago when we had four 30-50 point swings in one day!
JI
jimkane
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JI
jimkane
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Posts: 33,089
Sweep down for sure, but will that lead to down, or a snap and sweep up?


