On Friday the Euro hit new high at 1.1470 as expected.
Apart from geometries shown below the structure of the move, let's say on M60, is very similar to patterns that has preceded previous correction recently.
It might be current level that will stop it for some time or 1.1520 after one more move up. If these areas don't hold the next serious level before low 20s is about 1.1750.
MA
MarcinO
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Posts: 5,506
Nice drop so far in the Euro. It may need some bearish correction after hitting 1.1360.
JI
jimkane
Rep: 3,058
Posts: 33,089
27.75-28.25 is the key level I am watching, although anywhere in here it could start the checkback. For the most part, though, on ramp days at new all-time highs my plan would pretty much always be just ride the long until the close (and after on some if the layout suggests it). Why look a gift horse in the mouth?






