Well, as we have seen the good ifo data provided a 20+ pips boost. But it seems the momentum is fading on the 1.0772 line....

Hi Ata, do you still have 1.0726 on the radar?

I got rid off all my holdings too. Frankfurt didn't push to newer heights, so I abandoned my 1.0688 target for the purpose of securing what I gained. Anyhow, that was a really good run.

Yeah, there was someone who once said "The market can stay longer OVERBOUGHT or OVERSOLD as you can stay liquid...". Yes I agree, a small variation of my. But it is true. Btw, as expected this has the diabolic number in the crosshairs ...

Possibly. For that they have to drive it for the moment to 0621. Then there might be some struggle... but when 21 beaks all the shorts have to cover and that could drive the price to that diabolic level.

For today the diabolic number 1.0666 is critical. As I already pointed out -> 61.8 Fib level of yesterday's movement.

Well, as you predicted - the whip came. But the other way around. First down and after up. Si, I think we are going now for new heights. At least 0650 to make the 100 pips of the day.

Ok, let's pray for that. It's also the 61.8 Fib level from yesterday's move... so it should be a target.

Yes, and with a daily interest of propably 4 Mill SF per day

I agree, there are numerous threads where this gets quite a bit out of hand...

Of course you're discussing only this 2 here because that are the ones Ata is only allowing to be mentioned.

To be honest, a potential Shark was the last think that came to my mind a few days ago.

maybe already during late London time. Today there is a change in the Game Plan I noticed. The last 2 sessions Asia and Frankfurt made a new high followed by consolidation during early London and closed the day with a boost during US session. Today, ...

On the chart it looks like a struggle... but if you look at the time frame the you will see that the Struggle took place over weekend (late Friday and early Monday). That could explain the limited move. In this case now we are in the week. However, ...

Well, 130k Rupee is not much....

In addition to Ata's chart with the nicely visible double inside bar just a gentle reminder of this specific pattern. Of course, not a guarantee but with a good probability.

Well, not a real BANG yet... but a good start. I am expecting a possible topping out for today @ 1.0716+-

The code for EUR Futures - Globex.

Just a note, because it should have caught everyone's attention, very nice to see in Ata's daily chart the double inside bar! Also in the weekly chart we have an inside bar for the last week. That could resolve with a BANG. I am still waiting for ...

OK, after having successfully made a new daily low (exactly as Ata pointed out @ 0588)... team US will go for a new daily high! Preferably 1.0636+ Even, if the majority is already off for the weekend. Hey, in low liquidity territory is less ...