Starting it off.

1.1350-70 is quite an area and if you look at the structure at M60, it may produce a sizeable bearish correction tomorrow.
It has everything in its shape that the Euro requires to reverse.
Just a thought.

Oh, for sure. I just mean that when the time is right for the long, it's been as relentless as crude. 'Persistence of trend' is the best thing imaginable for trend traders.

A near 10% drop and recovery in seconds, on a major index/market/exchange. No, this market isn't broken. This move is what I call a 'career ender', For some, maybe even a 'life as they know it ender'.

http://www.zerohedge.com/news/2015-05-06/swiss-stock-market-collapses-instantaneously-5th-anniversary-flash-crash

Euro seems to repeat the pattern from the last Friday so I'm waiting for some correction now.
We will see.

As expected, correction started.
1.1305 is a nice area to reverse.

And if this area doesn't hold 1.1260-75 is my next level.

1.12 might be on the way right now.

No. They simply made some noise below 1.1260 to reverse it.

Originally posted by MarcinO

1.12 might be on the way right now.

The Euro is a lot of fun right now. And if everyone thinks it's fun now, wait until the defaults start to happen across Europe and the contagion really gets going! Then the real fun will start.

I'd like to think the ES is getting ready to head down a bit, but it looks like a buying frenzy, and not a seller in sight.

What would be crazy awesome is for them to gun it now, back up near the session highs.