Dislikedwell i took 50pip profit already, but around this time i usually close positions and stay out of the way till this correction is done.
near future i see 1.3330sh offering some support, i dont like the forming double top on the hourly but i mostly dont pay attention to around london open, too much re positioning, closing of positions and such.
if i'm not mistaken the bottom is evident at 1.3285ish
as long as this thing keeps above open, 1.3314 up we go,Ignored
I see a lot of different things coming together about the 1.36 level, so that is the upside target I like the best. However, I am somewhat biased to the downside as I would like to see the gap close and a convincing test of the 1.3220 level. Also, if we are forming a bear flag, then there should be a lot of up and down, and at least one test of the rising trend line that forms the bottom.
Fundamentally I see a currency just waiting for the opportunity to panic.
Euro not as boyant as it might be given the 3% bump in equities yesterday. Equities need to go up more to carry the Euro with it. You can discount what happened in the Asian markets because it is a reaction to what happened in London and NY yesterday. It has already been priced into the Euro. Lets see what today will bring. Also significant is that it was unable to break key trend line on the 4 hour chart.
Kill the ego, or it will kill the mission.
