EUR/USD: High Risk Of Sharp Squeezes; USD/JPY: Up-Leg Underway - ANZ

I am not fully agree with them. EUR will go down next to3400 lelevel(maximum) and will up 3900 level (maximum).
USDJPY will go up 104.50 (maximum).

Its my opinion.

To me, the limitations on the pair EU is not predictable as many many big traders as well as small ones like us are investing on that. It means a BIG MONEY.

But generally it seems that she is preparing for a big move: up or down? who knows...

Thanks for such accurate insights, ANZ. I'll be sure to bet against them.

I think 1.38 is a fair estimate of scale of the current euro reaction up. Consider what pivots are - they are economic indicators the same as market clearing prices in the market clearing theory. Once you view them in that sense it is not difficult then appreciate that once rejected at such a key level as 1.399 (1.40) price must rotate away (deviate significantly) to an equally significant low within the fluctuation range before we can think of a "retest".

The way technical analysis explains things makes it a bit fuzzy for people to appreciate that it is real money deals that drive rates not some abstract force or whim that drive rate changes. More details about how price moves on pivot would be too long to fit the thread and topic. But we have been right before and I would suggest strongly that the low end of the 1.38 handle is the limit watch until we get a bounce off of 1.33 which is the medium term objective down.

What a trader needs to know is how price moves (when it moves for whatever reason or reasons) not why it is moving or might move.

The Market is not user friendly The Crow

fundy call a down trend for euro, but, technical a pullback is on course. 1.3700 ? 1.3750? or 1.3800? where to short euro for 1.3370-50 zone. Then, euro resume bullish run for 1.4250, enroute to 1.4570 zone. usd will be boost after Xmas, don't forget to jump on boat.