Interesting Chat Today! Here's a bit more for the Confluential Cabinet pedro319 & Mitiblotch...Mthly Ema20 1.07857, Wkly Ema50 1.07833, Daily Ema200 1.08012, Daily Sma200 1.07937...
PIP Ranges, last Ten Augusts: 468/237/271/287/432/408/320/865/252/86...
An Average of 363Pips, but 4Mths comparable with the current range, so price could just as easily, head North now!
Furthermore, we are touching the bottom of a descending channel, for the Fourth time!
Can be appreciated on the Hrly, 4Hrly and Daily Chart.
The Top of the channel, lies currently @1.099...
But, what if this proved to be, a 'Bull' Flag?
We could easily Explode UP, to the 1.12 Area, in the remainder of the month?
That's an Average Pip Range, more than satisfied, for the Mth!
Finally, I don't think the news was all that bad, for the Euro!
Apart from the German Services PMI looking a bit Grim, I felt the news was Mixed!
PIP Ranges, last Ten Augusts: 468/237/271/287/432/408/320/865/252/86...
An Average of 363Pips, but 4Mths comparable with the current range, so price could just as easily, head North now!
Furthermore, we are touching the bottom of a descending channel, for the Fourth time!
Can be appreciated on the Hrly, 4Hrly and Daily Chart.
The Top of the channel, lies currently @1.099...
But, what if this proved to be, a 'Bull' Flag?
We could easily Explode UP, to the 1.12 Area, in the remainder of the month?
That's an Average Pip Range, more than satisfied, for the Mth!
Finally, I don't think the news was all that bad, for the Euro!
Apart from the German Services PMI looking a bit Grim, I felt the news was Mixed!
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