On Friday evening the Euro stopped at 1.1368 December contract basis, right at AOC.
My next levels are 1.1450 and 1.1540-50, with minor level at 1.1410-20.



But before that it the most likely scenario in my opinion is a correction to 1.1280-90.

1.1302 stopped it yesterday. If it needs a new low today it would be in 60s or 70s.

Originally posted by MarcinO

1.1280 is still a play, but 1.13 support grew stronger after those new highs.

Understand that although this has essentially zero effect on trading tomorrow (until it precipitates a shock event, and then it's all that will matter to the short-term trading), extreme crisis in Europe and the failing of the Union/war/Euro crashing will be a major factor in our trading.

http://www.armstrongeconomics.com/archives/37172

This KZ short may actually get some legs if it can handle this 39.75 area here. European open coming soon, we'll see.

I hope it will be soon.

I want to do a 'Die, pig, die! so bad, but this is a TL fakeout here, right before the open. Hence, it's set to get gunned up, so I'll save it. SOB's.

You and me both. You and me both...

Originally posted by MarcinO

I hope it will be soon.

Opposite game in the Euro. They showed some respect to the TL that stopped it yesterday and dropped it sharply. 1.1275, maybe a little more, soon, I hope.

Originally posted by jimkane

I want to do a 'Die, pig, die! so bad, but this is a TL fakeout here, right before the open. Hence, it's set to get gunned up, so I'll save it. SOB's.

And right now they are tricking people into buying at yesterday's low.

This price action is fascinating.
I'll be late at the office, far more than usual...

See?

Originally posted by jimkane

I want to do a 'Die, pig, die! so bad, but this is a TL fakeout here, right before the open. Hence, it's set to get gunned up, so I'll save it. SOB's.

Originally posted by rat89

I have a slightly better picture you would love, but cropped for mixed company so we don't get censored ;)

Originally posted by rat89

Click image for original size