eu chart pointing south , rest of supporting data pointing noth what to do
2778 is the weekly pivot and this feels like a bear trap SL moved down to 2803
why it will pop back into 1.28
We needed a range, IMO. it might range today, or have a small breakout north. The range would be 1.282ish-1.277ish. That's the conservative scenario.
We might see 1.287ish if we get bad data on Existing Home Sales today. But that's only for very bad data, if we see good data, we'll range, if we'll see outstanding data, we'll go below the range and start ranging some more.
The thing is that the profit taking has been done, and we'll have to wait for a week or two(tops) so that we can clearly see through the Grexit situation (a default will...
now 15 close above 2796 and what do you think for trend, is bull back?
