Long
Long
1.4621 Target hit overnight
Flat - waiting for extended re-entry.
1.4494 VPOC could act as support.
1.4535-1.4494 could be a good buy zone.
This week range so far 1.4298-1.4628 - 330 pips range
Midpoint in 1.4463
Former high at 1.4447
We struck the 61.8% of their 2008 range at 1.4621, rejection can send us back to the 50% stage 1.4183 along with the 31.8% in 1.3746, at the upcoming days weeks.
Yesterday feels like a supply day with good short entry.
If I could trade counter tendency (that I can not by my trading rules), I'd have entered short preceding 1.4614
It's Friday! TGIF - No need to induce the trades...
Viewing SP 500 consolidating above the channel.
Below 1038.50 we could tank back in the channel.
Markets at inflexion point, watching the channels for hints...
No More US data on Monday.
There is a window potential for profit taking after the current US data and earlier Tuesday's US open.
50% Retracement would put us 1.4463, are an evaluation of the former high at 1.4447.
We jumped from the 50 percent to the 61.8% 2008 retracement throughout the last 6 sessions, 1.4183 - 1.4621.
50%-61.8% Midpoint gives us 1.4402 only below last month value at 1.4412.
Let us see the response here
EURUSD opened below Friday's value and trading lower. It is in pullback mode.
The 1.4494 - 1.4412 zone could provide a service bounce zone.
EURUSD will stay weak unless it could get back above 1.4580, were it might acquire neutral and 1.4620 where it will get it bullish standing back to the daily.
Over the weekly, we opened in last week value, so nothing changed, it is neutral to bullish, unless we could breach 1.4486 and trade below it.
In fact it's 1.4466, with the latest high made . Will watch that since it's slightly below last week worth but not that deep in to pullback land.Originally Posted by ;
Notice that 3 days breakdown is 1.4467
Posting Permissions
Reply With Quote
