I wrote this 11 days ago... My expectation fulfilled. It really happened in a rapid, graceless manner. :-D

Germany having a hard time in several aspects (Volskwagen in Germany alone letting go 30k employees, government coalition collapse at the moment, for instance) should not support EUR much, fundamentally speaking...

I am extending my expectation to 1.046x. It is where a major decision will be made, and I will not be much surprised that we even hear a swishing sound as PA goes through this major support like a knife.

Go back in history to the day Trump was elected the first time 8 years ago. Back then, EUR/USD had generated something that was referred to as Trump tower (a spike up on the graph) followed by perhaps twice as deep a dip. Back then, the assumption ...

I suspect around 1.0520 is "droppable" in relative short-term.

Price has arrived to 1.0814 territory as anticipated. Chances are this support is not going to last long, but who knows?

Now on the sidelines, however I'd be prone to believe bears will make it through the supporting descending line, and then I expect them to get to around 1.0814 territory. Or we are going to see a bounce to the upward direction. Time will tell as ...

Ata, you broke our common intention to the shenanigans, and now bulls going to take it to the North.

G'day folks. Reading your thoughts gives me the impression that PA will likely want to attempt 1.081x to 1.082x intraday, rather than dropping substantially.

Looking into the crystal ball, I still anticipate what I wrote 35 hours ago... 1.0940 doable. Perhaps not today, but early next week.

Time to buy some for another +100 pips shortly?

Gold has gone up thus weakening USD automatically, ceteris paribus. And it is likely to make another attempt of a new high, shortly. It'll furher squeeze USD. 1.089x is where I anticipate substantial resistance. And that is all about it.

I am likely against the mainstream here, with my anticipation of 1.089x today or tomorrow.

I know I am becoming annoying with the quasi-diamond pattern, but it is just the IDEA I am following unless PA invalidates it completely. Which would be especially bears taking price deep below 1.0800. image

Absolutely, Ata. You're right. Anything can happen. The US news will be interesting: it can send the pair whichever the direction, no matter what the fundamentals are gonna turn out to be.

Following up on my yesterday's post... I have redrawn/corrected the pattern from yesterday morning, and let's just see how high bulls can go. Anyway, bears seem to be done, and that means bulls can really show up above expectations... time will ...

Hi folks, it very likely we see 1.0800 again quite shotly. It is bulls last resort short-term, and much as bears seem in control, who knows... time will tell. I am being careful with my shorts. Have a great trading day!

Okay, this pattern is invalidated as it is drawn, but does not have to be lost, just redrawn as we just may have a new low of the bottom. (I am able to admit I was wrong, but perhaps not entirely wrong). From my perspective, it is now crucial if ...

For today, I anticipate LOD between 1.0825 to 1.0815. Breaking substatially below the support and piercing 1.0800 will likely add power to the sellers for me. Time will tell, though. image

image The price objective is quite obvious: test of the major resistance...