"Wednesday 19th June - London Open - EU - price around the 3390 area. No new high over 3416 during last 15 hrs and now for me its a test of supports at 3380-5 - 3370 and the important one 3350. Whilst we stay above these supports - the EU…"
I see the pair at the end of a 2 leg pullback, the second leg being right at the same height as the first leg. overall the pair is generally bearish, and also looks bearish on daily but currently pulling back. the last 4 daily bars are inside bars within a large bearish candle. something interesting to note is that from the peak on may 22 to the low on jun 16 the number of bars is about 100, with bars closing higher than they opened about equal to the amount of bars closing lower than they…See More
Recommendations: LONG positions above 1.3385 with 1.3430 & 1.3460 as next targets.Alternative scenario:The downside breakout of 1.3385 will call for a slide to 1.3335/1.3290Description: The pair trades above its support 1.3385, as long as this level holds,look for further upside gains towards 1.3430 & 1.3460 levels, an hourly close below 1.3385 would delay the bullish move but downside below 1.3385 is likely to be contained well above 1.3335/1.3290 levels, so If 1.3385 is broken , long…See More
Better than expected ZEW for Germany, helped EUR a lot to make a new top at 1.3415, but it is necessary to say that the EUR tested the support at 1.3330 several times yesterday. This means that 1.3320-30 area is now a very important area and if it is broken to the downside that will mean another 150 pips down. On Daily we can see the high price level consolidation and that we are closer and closer to a correction lower.Usually consolidations like this one end up with a big bearish candle of…See More
"it is only a stalemate if black is to move next. if white is to move it will be checkmate in one. without the knowledge of whos move it is i dont think we can assume anything.
the secret to chess is to convince your oponent you ve erred…"
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