Starting it off.
Last week Euro didn't make it above 1.14, starting a correction as expected. 1.12 (+/- 10 pips) is a very strong support level and I'd assume it will work.
In case of troubles I have two more levels at about 1.1120 and 1.1060.
JI
jimkane
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And if it did one more little push to 'retest' that overnight stop run head fake high, say at 2100.75 +- (the high was 2101.00), I'd want to short it even more. But the desire right in here is overwhelming.
JI
jimkane
Rep: 3,058
Posts: 33,089
Look at how it 'sees' this area and backs off from it. Let's see if that's it, or if it plans to dump. I'm watching the one more push idea, too, but if it gathers strength in here, it may not stop to the upside. I could see it act like it's weak (already done), gun it up, wrong foot everyone, then dump hard. Still, I'm not sure it can do anything right now but weaken... Just some scenarios.



