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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68.25 here should be all it does if they plan to goose it up. Big clue here.
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jimkane
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So, it's looking like range chop was the decision it made awhile back.
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jimkane
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Usually by the end of the market day I'm tired, and a bit juiced up. You know, charged up from all the action and all the work and concentration. The last two days, I'm just tired. Nothing but exhausted and bored. I hope this action picks up soon.
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jimkane
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The area is a little higher with the longer time to hit the upsloping lines. 64 and change.
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jimkane
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And into the futures close they run that drop right back up. What yo-yo action.
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jimkane
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Shouldn't be long until the new all-time high. But, they usually don't do anything at this time of day, so this must be a fake run at it, waiting until the European open...





