Overall does not matter what the size of the bounce is, target is 1.0890.
Fibonacci will make you rich
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Disliked{quote} measurement is King it organize PA in monthly, breaking last month high 1*1 will be a confirmation for uptrend, so far it's Res until break. {image}Ignored
Disliked{quote} Its nearing but a break below would be fatal. If it happens bulls hope is that 1.0880/0830 will hold.Ignored
Disliked{quote} Its nearing but a break below would be fatal. If it happens bulls hope is that 1.0880/0830 will hold.Ignored
Disliked{quote} Something will happen at 1.0880, bounce and even beginning of major retracement, reversal is also possible although likelihood is not as high. So, worth opening a couple of longs.Ignored
DislikedSome big option expiries for the rest of the week. {image} Tomorrow there are the biggest ones and their levels should play a role of how EU price action will unfold.Ignored
Disliked{quote} They have a magnetic effect on EU when the price is near 50 pips on a big level before the expiry but many times other fundamentals play a biggest role in price action.Ignored
DislikedSome big option expiries for the rest of the week. {image} Tomorrow there are the biggest ones and their levels should play a role of how EU price action will unfold.Ignored
Disliked{quote} They have a magnetic effect on EU when the price is near 50 pips on a big level before the expiry but many times other fundamentals play a biggest role in price action.Ignored
Disliked{quote} For that to happen it would need multiple/big market players to move in the same direction. I still believe the FOREX market (especially EURUSD) is too big for single players to move the market. That being said, option expiry and the max-pain curve theory is very valid for smaller volume markets i.e. DAX40, DOW etc where single players can excert market dominance. It does mean volitality or at least choppy trading though...just my two centsIgnored
Disliked{quote} I'm assuming that when the options expire it will cause the price to drop?Ignored