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.

My next level is around 32.50. Pretty boring day, just have to keep holding, listening to the cah-ching, cah-ching sound. But, no action required. Bor-ing.

Anyway, jokes aside, this should come off here, and pretty strongly, in my opinion.

Now, watch this 26.50 closely. If this was just a mini shakeout pullback, this is the exact spot I'd expect them to gun it up from.

Stopped it dead.

Originally posted by jimkane

Now, watch this 26.50 closely. If this was just a mini shakeout pullback, this is the exact spot I'd expect them to gun it up from.

Okay, now Die, pig, die!

Four whole points of dyin'. Not too impressive.

And another new all-time high. So that's how it's going to be.

The Euro dropped to 1.1290. Taking into account time when it reached that level and the range of area it is still valid and may produce sizeable reaction.
But I doubt it will be enough to send it above 1.1470.

And there's another new all-time high.

Wow. I expected a serious correction off of 1.1470 but not in such a sharp way.
The next level is 1.11. I will post a chart in a couple of minutes.

they had everyone waiting for that area just overhead where there are half a dozen fibs, but just couldn't get there yesterday. I was surprised by that, and thought they would manage it today. It's very possible it's set up for a gap and go to the downside Tuesday.