My next area for the Euro is just below 1.10.


The higher one between 1.1170 and 1.12.

First level for the Euro hit overnight.
1.0880-90 whre it stopped is a nice area to send it up again.

Now it wants lower 70s.

Low at 1.08765 produced a nice reaction.
BTW, have you noticed that CME started to quote EURUSD futures with .5 pip accuracy (5 points) ?

3D to 65, still within the zone, was required. It is ready to continue up, I guess.
So far it's been a small horror to manage.

First thrust done. 90 and 83 are potential W2 ending points.

It's going up a bit. 1.0940 is my next level.

Wildly long bias ES at this point. For now.

rat's chart shows the area. Mostly I am looking at how they took it just under the previous low for the move. So, protocol for the machines is to bounce it a bit. I am very wary this is all it may do, and then swoooosh down, so this is a very nimble 'jumpy' type of play. A play in case they go nuts on it.

So far, so good, though, up almost 10 points already.

Duane? Duane? Duane is in the house? And I missed it? Darn...

Originally posted by Duane

Originally posted by jimkane

Bearish ABCD here, or bullish 'W3'? Yawn. Same old process.

Yeah, when I saw that chart I knew you were all over it !