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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Posts: 33,089
Thanks for posting crew of two, since I'm kinda swamped right now, and I have zero energy to post while watching the market, with all the other things on my mind at the moment.
JI
jimkane
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Posts: 33,089
Look at the ES go!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!! Who cares if I get some sleep tonight. Like I can get to bed with this going on.
MA
MarcinO
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Posts: 5,506
Yes. That's what I posted yesterday, too.
He is very precise with shorter term levels which align pretty nice with the areas we post in the forum.
He is very precise with shorter term levels which align pretty nice with the areas we post in the forum.
Originally posted by jimkane
It's all part of the plan, the low 120's plan, and then the descent to the end of the Euro as a currency and the end of the EU. I have to say that I think the Euro lately is the 'easiest' trading I have even seen, as easy as the ES on the best days I have ever seen it. No claims, but it's like having an open invitation from the bank to go into the vault, take whatever you want, day after day, and they will also loan you a pickup truck and a wheel barrow, too, and maybe even throw in a few guys to help you out. It's that easy right now in my opinion. Heavily one-sided markets with persistent trends usually are... Enjoy it while it lasts, I think the end is getting closer.
Armstrong's view is similar:
http://armstrongeconomics.com/archives/30439
MA
MarcinO
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Posts: 5,506
It seems that abcd in the Euro evolves into a bigger one with potential D point just below 1.14.
We will see.
We will see.






