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.
MA
MarcinO
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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.
Jus my two cents.
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jimkane
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High for the move getting ready to give way. Then we see how much it goes.
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jimkane
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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
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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
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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?
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jimkane
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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.
