My next area for the Euro is just below 1.10.
The higher one between 1.1170 and 1.12.
JI
jimkane
Rep: 3,058
Posts: 33,089
Okay, let's see if the maniacs give us something. It's looking like they might, as hard as that is to imagine.
JI
jimkane
Rep: 3,058
Posts: 33,089
Yeah, that 'should' bounce it, but it may just break hard to the downside. If so, though, in my experience that would tend to climax it temporarily at least, and produce one of those wicked monster machine bounces, and all the pundits saying 'That's it' (like they will do, all the way down, in this and every decline until time itself ends, and like they always have since time began).
DU
Duane
Rep: 100
Posts: 1,095
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 !
MA
MarcinO
Rep: 67
Posts: 5,506
There is a great ABCD area for the Euro at 1.0810, which is likely to be hit tomorrow.
Reaction there will tell a lot about direction. It cannot make new high on M240 despite multiple tries, so I'm leaning even more towards bearish view.
If that is true, 1.0570 is a nice area to drop down to.
Reaction there will tell a lot about direction. It cannot make new high on M240 despite multiple tries, so I'm leaning even more towards bearish view.
If that is true, 1.0570 is a nice area to drop down to.





