EU has been flying along with Gold, and with Dollar dropping. But it is now at a resistance zone with stronger one just above. Watching each Red zone for signs of rejection, targets in Green.
See some of my other Forex calls below. I also plot Crypto and some Stocks, check my Profile Page.
(caught most of spike, still going) (Perfect entry, still in play) (Upthrust warning just in time) (Fib extensions at work) (recent perfect entries) (recent perfect entries) (the very tippy-top a year ago) (almost at a long term target now)
Of course, I have had total FAILS on some plots also, not going to pretend. But my plans offer PRECISE entries, TIGHT stops, and EXACT take profits. Precision is the way of the Fib. Almost every turn happens at a Fib Line.
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Chart above is not live yet, but we did reject from resistance zone, and are approaching first possible Support
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Ping... perfect test of the 1.12531 zone boundary, wow
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Looks like we are going to bounce here a bit. So am hoping to see something like this red-squiggly arrow I have closed 80% of my short position, with SL at BE on remaining portion. Might add shorts again if behavior follows plan.
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Argh, horrible ADP payroll report out of US, so dollar taking a dive. Glad I closed most of the short, will probably get taken out at break even on the rest ....
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What a crazy ride this has been! Confirmed both resistances and both supports Now approaching an important support zone, going into ECB news. Lets see what kind whipsaws that brings.
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Whipsaw from ECB rate decision, but not as much amplitude thus far. Press Conference might bring some more volatility
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Nice Ping on support zone (helped by 1.125 round number) I am rather surprised by the continued validity of these zones after ECB whipsaws. And soon we will have NFP in a few hours, probably more stop sweeps in both directions. Best to stay out until next week after all of this sinks in.