{quote} Yeah but consider... we have December. And the December weeks are historically USD/DXY down aka EUR up. And that with a high (80%) occurance. Whereas I agree with you on an overdue correction, I do not thing it will happen before Christmas - most propably in January. {image}
{quote} Agreed, and I already mentioned in a previous post that December is typically a rather bullish month for the euro. However, there’s no rule without exceptions. Now we simply have to see whether yesterday’s high—which was a weak high—has already marked the December top or not. This week is the last “normal” trading week of the year. If the market wants to print new highs, it has to happen this week; otherwise, that’s probably it for this year. Good luck
My Fibs telling me something around 1.18+- (100% extension) or 1.1850+- (161.3% extension)
{quote} Red? O ou ... dann bis bald.
Hey guys, hope everyone had a good weekend! Main selling area is 1.17800 Main buying area is 1.16800 As long as we stay above 1.17260, we may see buy opportunity up to 1.17700-1.17800 area. When price is within 1.17700-1.17800 we can most likely expect bears to push down. If price breaks and closes below 1.17260 on the H4, then we can probably expect sell opportunity down to 1.16800. As of now we are still seeing bullish structure on lower time frames, we will see how it lines up at london, safe trades guys!
hope someone caught that, now we see what red news brings!
