I had to update my areas for the Euro. It hit quite a confluence at 1.1175 and may need some time before going down again to 1.1090, for which the best timing factor is on the 3rd.
Two areas are based on flat and DB ABCD - 1.1245 and 1.1280.
MA
MarcinO
Rep: 67
Posts: 5,506
1.1242 is HOD and has given 30 pips reaction so far.
I'm waiting for bullish ABCD to fail, but you never know...
I'm waiting for bullish ABCD to fail, but you never know...
Originally posted by MarcinO
I had to update my areas for the Euro. It hit quite a confluence at 1.1175 and may need some time before going down again to 1.1090, for which the best timing factor is on the 3rd.
Two areas are based on flat and DB ABCD - 1.1245 and 1.1280.
MA
MarcinO
Rep: 67
Posts: 5,506
Right now Euro is in a place where either we will see a rapid continuation to the downside or at least one more push deeper into the PTA, with a potential to go the next level up.
MA
MarcinO
Rep: 67
Posts: 5,506
I was wrong with the ES, but Euro followed my favorite scenario, doing a small fakeout before the swoosh.
Originally posted by MarcinO
Right now Euro is in a place where either we will see a rapid continuation to the downside or at least one more push deeper into the PTA, with a potential to go the next level up.
MA
MarcinO
Rep: 67
Posts: 5,506
Between 1.1180-70 Euro may encounter serious support and need larger correction.
JI
jimkane
Rep: 3,058
Posts: 33,089
Armstrong: "The Euro will make a new historic low under 82 cents which was the 2000 intraday low."
Source: http://armstrongeconomics.com/2015/03/06/the-euro-destined-for-80-cents/
Source: http://armstrongeconomics.com/2015/03/06/the-euro-destined-for-80-cents/






