DislikedDo you consider the possibility to retrace on euro, from both an EW and cycle perspective? Recent cycles points are blown through they are hardly turning points. Then what if early October turns out to be a turning point. Parabolic moves all, if not only most, get retraced.
Fundi-wise, this is quarter/month-end, lot of book rebalancing and positions squaring etc. From next month onward, it would be a different story.
I think it will go higher in medium term, but in the short term I think it would retrace, only a matter of when.Ignored
3660 is a major resistance. Tomorrow moon declines from its highest point lower again, and technical speaking we have divergence on the oscillators right now.
I feel that the 3660 area is a key level we need a significant sustained break to go higher but given the divergence, I don't see that happen. So probably a pullback within the next day or so.
You mentioned the Oct. 8 date, but tomorrow (30th) its Jup 135 Ven, and combined with everything else, I think we are due for a correction.