The Euro

The daily chart of the EUR/USD pair looks like its in a bear flag here. June 2010 lows are 1.1875 and would be the target if this gets confirmed.

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Euro

Neck breaker move on the Euro after the Retail Sales number

Aggressive shorts get caught

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Euro

The Euro has been messy here lately, and the last move was a breakout that failed.  The 50 day moving average is holding for now, but a test of the lows is not out of the question if this range gives way.

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Next levels for support on the Euro

Euro

The Euro is trying to break the weekly coil into end of week, but it's not going to be easy

Next week should be telling as to whether it wants to break or stay nice and cozy in it's range.

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Nice fade, typical OE

Nice fade today, and from there it's been typical option expiration day action, despite the super gurus predicting a volatile day.

Volume on a brisk pace as expected, but unless something breaks in the afternoon, we should remain choppy.

Im gone for the day but this weekend I'll be doing a video on the Euro move that is setting up. Just to take all the "mystery" out of it [lol] I won't be predicitng direction, that's a fool's game based on the pattern that the Euro is currently set up in.

Have a great rest of the trading day,

tiny

Choppy market

Good morning......ummmm afternoon!

Market is choppy here as another no fade day sheers the super gurus sheep! PLEASE check out a real trading room for the love of kittens! You don't need to be paying a mortgage payment to get front run and pumped and dumped!

The Euro is getting a nice move on the session, but still overall in a range. ADX is up ticking. Will the breakout come to the upside?

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Euro- don't fall asleep on it!

Don't fall asleep on the Euro. The daily chart has an ADX under 9 currently.

See my post here about a big move I am expecting.

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There is a monster move brewing in the Euro

I'm not a big fan of fundamentals, so if you want to know whats going on over in Europe re: the economy, then you will have to Google it. Let me know what you find out please!

The daily chart of the EUR/USD is showing a low ADX congestion pattern, and that will likely lead to a nice move when the Euro decides to break this logjam and make a directional move that lasts longer than a few days.

A crude measurement of the move right now says at least an 800 point move can occur, based on the width of the pattern, but that is obviously not in stone.

The problem with these wind downs is that usually before the breakout goes in the true direction, they will usually try to shake and bake the aggressive traders.

Nothing is easy and it's surely not red light, green light, but the low to high volatility cycle can be an extremely powerful one if traded correctly.

I have absolutely no opinion on direction, and I will keep saying that over and over, because what gets most traders into trouble is trying to guess direction from a non directional pattern.

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Euro

The Euro broke reistance and retested the FOMC announcement highs

1.4347 is next resistance to watch.

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Euro

The Euro is also going a little bit nuts to put it mildly

1.4290 resistance

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Stealth flag on the Euro

The stealth bear flag on the Euro has been confirmed here

If it plays out to it's full measurement, look for 1.4075 to be tagged

If not, then we can get a comeback trade that can lead to a nice bounce, and it should take the S&P with it

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If the Euro firms up

If the Euro can actually get firm it may help the ES pop

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Euro resistance

1.4123 and this is basis the Futures

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EURO/S&P sync

Lately the Euro an S&P have been syncing up good enough to use one to confirm the other

Today, not the case

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EC, 6E whatever your platform calls it

The is Euro setting up in a stealth bear flag here on the 5 minute chart. First target is the 1.4075 level, which is the 78.6% Fibonacci retracement. Support below that would be the low of the day

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Right to support

1317.50 support so far has been tested and held

Bull flag or highs in? I think I already guessed at the highs being in, didnt I?

The Euro is getting a little smushed here, but it's still net + on the day for the day. dollar firming up bit here

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Nice turnaround by the Euro

Going for unchanged>

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Watching the EURO here

May just be a fake out before higher prices, but looks like a little short term exhaustive move here

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Euro Futures

1.4405 first target here, as they are below the 78.6% Fibonacci retracement of the last swing up

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