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.

Look at this just test and test and test that slightly downsloping price flow off the all-time high. I can't imagine any scenario except a new all-time high, and likely the timing factor says 'now'.

Testing the Wed HOD with a pop from the break of today's HOD. Now we see..

Two points and a tick from the all-time high.

1.1050 (well without 16 pips, I have to admit ) works up to now. Volume at this support is enormous, as if they want to absorb all short positions, so I guess we will see 1.1240 tomorrow morning.

It would be 'interesting' if it couldn't sustain here, and dumped after the stop run. It doesn't mean the new all-time high isn't forthcoming, only not right now. They may play a few more games with it first.

And so far, dump it did.

Speculation is far from dead. Until it's dead, this thing is gonna keep on risin'.

http://www.zerohedge.com/news/2015-05-21/shake-shock-spot-fast-food-outlier

I'm liking that Shake Shack (SHAK) from the previous post. It recently announced it is going to sell chicken, and it's just exploding. Like Peter Lynch used to talk about, buy those value stocks for things you understand, things you would use yourself. I'm headed out to find me a Shake Shack hot dog cart and buy me some chicken, then I'm gonna buy another 10,000 shares before it triples in the next few days on an announcement they are going to include free mustard with those hots!

Here's another hot IPO I expect to triple, then quadruple, then, well, you get the idea, over the next few days or weeks. SHOP. These are some really high quality, solid companies for serious investment at great P/E ratios, companies I expect to dominate the scene for some time to come, to bring AmeriKa out of the doldrums. This is rational capital allocation at it's best. Real infrastructure plays. The only time I saw better use of capital was at the peak of the DotBomb bubble.

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.