FX_IDC:EURUSD   Euro / U.S. Dollar
1.1583 is support, breakout towards targets of 1.1623 and 1.1637

Vwap is possibly turning south below today's bullish (Asia session closed ever so slightly higher than its open) pitchfork Median. Bearish signal. Price is still well contained within the fib on Asia session price action.
Careful here and don't get too ballzy. You're about to get traders whiplash.
coondawg71 QuantitativeExhaustion
That was just for yesterdays price action. Not in it. No way.
+1 Reply
coondawg71 QuantitativeExhaustion
Even though yesterdays bullish pitchfork is still valid, remains unbroken.

Update: Jan 22 600am EST Prior to ECB statement

Euro USD has spiked upward to meet the convergence of the pitchfork Median line and the 2.0 Fib draw.
+1 Reply
200pm Price bounced off the Fib Zero line, bottom of Asian session trade, @ 1.1565 and may make another run for that 50 Fib, again @ 1.1583

Smack down, back to the pitchfork median.
+1 Reply
IvanLabrie coondawg71
Intraday trading can be a very swift way of making money, but surely takes its toll on your nerves.
coondawg71 IvanLabrie
nerves? what nerves?! lol

Post 930 am US market open. Added 7.0 deviation (pink line) barrier.
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