After spot market clouse the Euro gave a 35 reaction off the area posted on Friday, but I would expect a little more down.
The Cable is also in a very distinctive area, defined clearly by basic KT tools.

If my Friday's level stops the Euro I think that 1.1530-50, adjusted a bit down due to timing factor, is likely to be it this week.
Later on 1.1800-50 and then 1.20 plus, preferably about 100 pips range around 1.21.

woohoo, new week

Yes, woo-hoo!

Watch crude in here, it's a key area if it is to remain strong to the downside.

Cable area holds, but Euro may need to hit 1.1230 before a reversal.

1.1190-1.12 is next

blue was up, pink was down, green is up from the .886 at lower lines Thursday

beautiful baby bear abcd to the kz on both spy and iwm complete at around 3 pm

This why it stopped there. This area is very strong but the Euro looks weak.
If that one doesn't send it up, there is quite a confluence at 1.1135-55.

Originally posted by MarcinO

1.1190-1.12 is next

nice chart marcin

What more could you wish for? A return of roofer would round it out nicely. Anyway, it is far better to have three focused traders than a chat room full of noise. This week was another killer week, can't wait for next week ;)

Originally posted by jimkane

What a triumvirate we have in here. In a Jamaican accent (imitating the guy in the movie Cool Runnings) -

We got de:

One Jim, shakin' it down on the ES intraday

We got de one Rat, killin' the stocks and ETF's

And last but not least we got de one Marcin, dominating the Euro for all to see.


All discussed in advance, pretty much day in and day out. Yeah, this ain't the coolest forum ever.