True Ata, that's a nerve grinder.... but we retraced 78.6% of the move and that could be - and it looks so - has started the sequence for the next leg up.

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James Carville, a chief political strategist for Bill Clinton said once… "I used to think that if there was reincarnation, and I still might believe there is, I don’t want to come back as the President of the US or as Pope or as a .400 baseball ...

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Alright, as expected the bulls took charge during the Frankfurt time. However, it seems - as usual - the London guys wanted to see a lower low before joining the run. If that's the case 1.1640 is the place to enter (and where I am placing my order). ...

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Don't misunderstand me... I am Bearish on the longer end too. But for the immediate time being... "the last Hurraaaa" is missing. And that might play out over the next days. My experience is that many retailers see the long trend right... but ...

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Yep, bulls getting ready to enter the ring. I am also having 1.1726+- in the crosshairs... for the next days. But it looks that this might not be the end of the pole. The weekly chart is suggesting me something different. Anyhow, a kind of ...

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If it doesn't work... try Black Bull image

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It would be better if he could let us know beforehand when he is tweeting. So, a kind of pre-tweet 10 min ahead. That would not be bad. Maybe there is someone out there who could convince him doing that?

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This is a standard setup but of course, the current political environment has the capacity to overrule any of these technical setups in a blink of an eye.

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If my gut feeling and experience is right, we will get a 3rd slide down tomorrow. What I observed over time is that the cycles of a trend (down or up) in the higher timeframes (daily, 4h, 1h) often look in the lower time frame as follows: 1st slope ...

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Your 1.16245 level is also the 61.8 fib retracement level for the down move today afternoon.

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What Ata, you are leaving now where the music just starts playing?

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Fully agree on that. My Fibs telling me something around 1.18+- (100% extension) or 1.1850+- (161.3% extension)

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Thanks, was going to reply the same. For that reason, I attached the chart. The Pinky bubbles are the December month of the past 8 years. Only last year was an outlier most probably because of the US election.

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Yeah but consider... we have December. And the December weeks are historically USD/DXY down aka EUR up. And that with a high (80%) occurance. Whereas I agree with you on an overdue correction, I do not thing it will happen before Christmas - most ...

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On the chart it gives me this hint. As you know me, I am using the DXY as confirmation. Those confluences act as magnet pretty often. image Btw, just now London is trying to take out the daily low.

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I fully agree with you. In the longer term we are heading towards 1.24. But for the next days I think there is some open business that takes us at least back to 1.1564 +- if not even a bit deeper. But then... bulls will rage on.

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I also weeded all the brokers out that take a spread > 0.3 pips in EUR. Yes, I remember the spread in the futures were most of the time 0.5-1 pips - but that were direct floor rates. But the commission were pretty hefty at that time 40$ per lot. On ...

EURUSD