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.
JI
jimkane
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Get over yourself and grow some and get the job done. Gun those stops you big @#$%&.
MA
MarcinO
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Posts: 5,506
At least there is some action in the ES.
Look at the Euro. It's still trapped in a tight triangle between three TLs and very unlikely to break out of it other way than going to the right side of the screen.
Look at the Euro. It's still trapped in a tight triangle between three TLs and very unlikely to break out of it other way than going to the right side of the screen.
Originally posted by jimkane
Now, I demand!
JI
jimkane
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And there's the nice stop run part of the pop. All in all, exactly as expected.
JI
jimkane
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Posts: 33,089
Yes, I think the Euro is struggling because down inside it knows it's headed for way under par, and it doesn't like to think about itself in those terms. It wants to be proud and arrogant, the flag for the greatest experiment ever done. But, down inside, it knows it's a total failure, and the experiment was just the rantings of lunatics, not geniuses. The experiment was an exercise is madness and horror, and hubris on an unprecedented scale. It knows, and it wants to postpone its inevitable fate...
Originally posted by MarcinO
At least there is some action in the ES.
Look at the Euro. It's still trapped in a tight triangle between three TLs and very unlikely to break out of it other way than going to the right side of the screen.
Originally posted by jimkane
Now, I demand!
