EU has broken down from it's latest attempt at a trend break out. Having failed to progress it is now coming back down and has just completed the week by breaking down from its first retrace after the initial drop from the top. Continuation is expected and a short position was entered at 1.1126.
Transaction en cours:
Should continue down to the 1.07 area from here.
Transaction en cours:
Expected a retrace, but it looks to be continuing to target around 1.07
Commentaire:
Expecting a correction into the 50% zone before continuation down.
Transaction en cours:
Profits were taken with the dot cross on the move up, but a long was not initiated. Currently a top has not been established and it has closed well above the 50% zone. It could retrace right up to (or through) the 100% level. It could also put a wick across the 75% line and reverse. We'll find out next week.
Commentaire:
Mistake above: it's the 7/8 line, not the 3/4, that needs to be confirmed as a limit here. It could easily keep going higher. Time will tell.
Transaction en cours:
Strong move up may be finished, but it has not developed a top just yet. Staying short around current price for a pullback at least to 50% of the run. CV could put more pressure on the pair over the coming couple of months.
Transaction en cours:
Waiting for a HiLo Activator short entry to develop.
Transaction en cours:
target level is around 1.1360.
Transaction en cours:
Delay of game for a retrace. I still think it will go at least for the 75% line if not the whole 100%.
Transaction en cours:
Could go either way in the short run. Will enter long if indicated otherwise I'll wait out a retrace and then go long.
Transaction en cours:
Short from 1.10. Looking to see if this support breaks.
Transaction en cours:
Short from near the high at 1.0996
Transaction en cours:
Should head lower this week.
Transaction en cours:
Short from 1.1325 on the RSD. It won't be confirmed until Mon/Tues with a lower low, but it looks pretty good so far.
Transaction en cours:
Whether or not this continues down will be up to the strength of DXY. If DXY continues to recover from its dive, EU will continue down. First stop around 1.10 and then on to somewhere around 1.06.