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'd love to see 64, though, so we can see if the GZ holds or gives way. I'd love a nice, big flush.

So, just a shake to that level, that's it? Back to 'up'? How disappointing.

Yep, explosive straight up. Makes perfect sense.

Lines at 64.

That was a very nicely done shake to the downside. They are good.

64 would have been nice, but I see nothing but up now.

Overall, though, just another chop narrow range day.

Rise until close is my highest odds scenario. But will it take the all-time highs? I'm not sure, they tend to want to save those. We'll see. It's a hold the long until at least the close type of play, though.

I wouldn't be surprised to see chop just take over, though. The trading of the last two days is about as poor as the last months have been good, as far as trading action.

And, honestly, I could care less what it does. I'm just hanging around because it's what I do. I'm not expecting anything great to happen until the character of the action changes.

nothing makes me happier than seeing the trend resume ;)