Apart from the area posted on Friday (1.13 and below - .886 ABCD) the Euro may also encounter strong support at 1.1240 (1.128 ABCD).
Since the latter scenario includes a backtest, I guess it is more likely to give a significant reaction.

at the rate it's going, probably by noon tomorrow ;)

Key area fully hit, now we see.

66.50 the high. I have such a convergence there it's nuts. But, like rat said, probably new all-time highs by noon tomorrow. Time for an announcement that Greece is all fixed? In the meantime I'll see if this continues down 'for better prices'.

Originally posted by jimkane

Let's see if the downsloping TL at 68.25 area slows this down at all.

Nice little drop off my area. Now we see if they like this area here, or want better prices. I'd think they'd want better prices in the AM.

uso 60 - abcd to where 16.30 - 18.29 = .50 at 18.30 and 17.95 - 20.18 = .886 at 18.20......it could go into crash mode, but otherwise I don't trade against the abcd at line with what you see on the cci 10..... I was in sco from 69.85 - 81.30 basis uso 20.02 - 18.28

indexes at or close to key areas, fib and line....

rat, here's a question I've been asking many people for years, including Scott over at HT, and roofer. No one has been able to answer it for me (or even said 'Hmmm, that's a great question, I have no idea...'), so I continue to completely ignore indicators until I can get an answer. Hopefully you'll be just the guy to do it. Keep in mind, in the early days I spent years using indicators, so I'm no stranger to them.

You show the CCI 10 here, and indicate its position influences your decision making process. But how did you 'know' to view this on a 30-min chart? If you had chosen a 15-min or 60-min, or 120-min chart the CCI 10 would tell you something else completely. Unless one knows how, for each issue, to 'standardize' the choice of timeframe so for a given situation the CCI 10 says the same thing (or any indicator with any parameter), the positioning of the indicator is completely arbitrary. How do you handle this?

Originally posted by rat89

uso 60 - abcd to where 16.30 - 18.29 = .50 at 18.30 and 17.95 - 20.18 = .886 at 18.20......it could go into crash mode, but otherwise I don't trade against the abcd at line with what you see on the cci 10..... I was in sco from 69.85 - 81.30 basis uso 20.02 - 18.28

Click image for original size

Uh-oh, must be more news about how Greece is all fine now.

Ah, this time it's a cease-fire rumor in Ukraine.

Yep. Euro today gave nothing apart from choppy range trading.

Mini-session runs for 45 minutes on Friday, and it sets another new all-time high. Gonna be sayin' that a lot...