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
Rep: 3,058
Posts: 33,089
2100.75 hit on an additional push, as suspected. But, as I said, now that it's done it, and off a key area, it may not stop. It's right at the upside breakout spot.
JI
jimkane
Rep: 3,058
Posts: 33,089
Pretty crazy how 2100.75 stopped the frenzy cold, a level I pointed out way in advance, to the tick. I'm not saying this to toot my own horn, but to say I'm still baffled that all our 'top' business and financial colleges still adamantly teach that the market is random...
RA
rat89
Rep: 0
Posts: 7,015
most traders will read this as bullish, but to me they brought it up to the perfect bull trap. Iwm bear abcd with an abcd in the cd leg right to the kz of the larger move down.....and spy stalled at the .618.....perfect fibs in both directions for days now, just awesome. If they don't pop it up and out of there, spy could make a mad rush to the 205 area in the next couple of days and wash out several layers of stops
MA
MarcinO
Rep: 67
Posts: 5,506
Wow, Armstrong indicates, with 10 pips tolerance, the same key levels for the Euro as we do here in the forum.
http://armstrongeconomics.com/archives/30439
http://armstrongeconomics.com/archives/30439




