Disliked{quote} Hey All, Well it looks like I did not need to wait until Thursday and Friday. EURUSD smashed through the 1.2000 handle without any real fundamentals. So that is a technical break to me. If that is the case and with Core Durable Goods and Advanced GDP expected to match or beat expectation, I see a great short. If/when price beats the 1.1100 handle, it is a tech side free fall to the next MAJOR SUPPORT @ the 1.08500 level. That is 250 PIP down gap. Of course News can and does effect any and all technical analysis. Good Luck, - Ric {image}Ignored
OK, End of week and not much change. Still see a Short Bias on the daily charts. Unless price breaks the trend line and/or 1.15000 level, I see no reason to long against the overall trend according to the tech analysis.
Fundamentally not much in terms of EUR news but USD news can push price down to my trade zone of 1.11000. If price breaks that level I see a move down to the 1.0850 level. If not, Price could just bounce around as the Trade Triangle tightens.
Also be careful next week as it is also months end mid week so look out for re-balancing spikes and cash outs.
Have A Great weekend,
- Ric
Be humble or get humbled
2