Construction Jobs +0

Not "Merkel reaction" but possibly "reaction to Merkel." url

Is that aimed at Japan or Ben?

Ignoring the techs for a moment, the continued Fed easing pattern suggests a possible USD rebound for 3-5 day period. But we will see, no guarantees.

You have to admit, the complacency is somewhat troubling.

13150-68 level just above looks a (or "the"?) key level to hold, if its going to.

From the EURUSD 1H -- it appears sellers where just waiting for a chance and used the US election to get it up as much as possible, then just unloaded as the Draghi comments/euro news hit. The trend was already down from mid-Oct.

Will be interesting to watch how the S&P futures and USD perform Tues night as the election returns come in. Time for some of the ranges to be broken.

Did that qualify as a bear flag?

OK, did get that 15975 level finally. Next level down is falling TL/channel bottom (currently at ~ 15906) or the horizontal level at 15887, or perhaps the intersection of both, over time. We see.

EURUSD got the old TL at 12980 (yay). I think its going down (but must admit when I have seen this in the past, the playas take it the other way)

We got 130 from the TL break -- huge level now for this pair. IMO, alot riding on this, not just the EURUSD. If below, then there is an old TL which will intercept ~ 12978 or so, then 12913 below.

almost tagged that 15975 overnight, missed it by ~ 1pip

(not posted until Monday Oct 22) -- I see 16060 as the current key pivot area (put on the 1H and see how the closes react with that level). Below to 16030 (just got it) then 160, then 15975. Above to 16085 (M pivot), then 16120

(posted monday- oct 22) For me, 104.50 is the key level -- i am currently looking for price to retrace down to rising TL to be bought up to that 10450 level. If correct, plan to manage to the trade to give it a chance to break above

I show 13070 as the pivot; above to 130 then 13150, or below to the 50% fib level from last week that held well at ~13014, which is within 2 pips of the weekly pivot (using sunday data), then 130, then 12913ish.

100/200 sma's also all stacked up there ps -- that is an interesting chart n1k. here is jamie saettele's daily -- url ("EURUSD got to like the response on the monthly pivot in front of the low after spain news")

Agree. Even better if we can do this and miss the tiresome ego battles.

Hi Fan -- You always have such great charts. As of this moment, I see a price cap around 12820. If that level cannot break that level, then down to one of several levels for another chance to enter long -- 12735, or 12714ish (where your TL is ...

Latest today is that Spain is going to need a full-blown bailout + Draghi might be breaching treaty terms with his 3yr bond purchase idea (to help Italy/Spain). He usually wins these battles with those certain Germans, but may have hit the wall on ...