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MarcinO
Rep: 67
Posts: 5,506
I'll start it off with the Euro.
Last week after a huge move it went up to 1.10 which was a nice technical level, although not very precise. Right now it's hard to access whether it is going to continue bearish correction or a downtrend. All I know, is that from a shorter perspective I will be looking for a play between 1.0770 and 1.0920.
One more push up to about 1.1030 before the next wave down is also a possible scenario in my opinion.


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6e 2015 03 22 png
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MarcinO
Rep: 67
Posts: 5,506
They got important low on Euro, so they may want to reverse it and send above the line which stopped it at 1.1040.
Jus my two cents.
JI
jimkane
Rep: 3,058
Posts: 33,089
Liking the nice grind up here.
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jimkane
Rep: 3,058
Posts: 33,089
This long is looking very nice right about now.
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jimkane
Rep: 3,058
Posts: 33,089
High for the move getting ready to give way. Then we see how much it goes.
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jimkane
Rep: 3,058
Posts: 33,089
I have only one quote for the Euro: 'Die, pig, die!'
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jimkane
Rep: 3,058
Posts: 33,089
No posts today at all... It's just as well, since the European close it's the worst HC^2 (it's on the terminology page) I can recall, likely ever.
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jimkane
Rep: 3,058
Posts: 33,089
Basically a 5 point range for 5 hours. Yuck. And an especially ugly 5 point range, too. Last half hour now on a Friday, I wonder what will happen...
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jimkane
Rep: 3,058
Posts: 33,089
Just gun it up already!
JI
jimkane
Rep: 3,058
Posts: 33,089
They just released the notes for Old Yeller's speech, and the initial reaction was dump. Now comes the vicious snap back up and the run into the close?
JI
jimkane
Rep: 3,058
Posts: 33,089
Very interesting. No snap back so far. They didn't like that she basically said we could raise, we could not raise, we could not do anything, we could do something, it all depends on the data. Total uncertainty. Still, they want to gun it into the close, this speech says nothing new or different, so gun it already.
JI
jimkane
Rep: 3,058
Posts: 33,089
They had to finish it like they ran it all day. Crap chop in a range, sitting right on the range of the last five hours. Still, for a scalp, that pop right when I said was the easiest money I could imagine.