elitefx

This is a guess which is as good as any indicator out there.

Take it slow at first but I believe bulls will defend ahead of 120. Nice ABC down correction possibly complete with new highs coming. Not so sure about that but remember even the bounces with EU go much higher than people think they will. Talk will shift to Draghi in June and possible tightening.

No need to try and switch sides here.

Sell the retrace level, tighten the stop as we go. Anticipate spikes to 1.2420.

Month end, quarter end. Don't know where we go but here's an idea. Probably can wait until Monday to enter though. Already short based on my earlier idea.

Never be surprised by a spike to 124 but downside is more likely. Selling around here has paid off twice already this week.

Can easily see EU going above 124 this week, but 122 also has some pull.

Refer to my earlier idea, Long EU.

Tracking basic ABC pattern to 11920/40. Looking for a positive drift prior to ECB meeting next week. Re-evaluate then.

Get ready to reverse the whole FOMC reaction and then some.

Since the swing from a week prior to Jackson Hole. Next week could spring the euro to new highs. Targets 122 and higher.

Good spot for UJ bulls to enter for 111. Whether or not you should be bullish on UJ is a decision you have to make yourself.

This is a potential consolidation scenario for the rest of the week.

Chances of this working are less than 50%. Way less.

Looks like GDP news will keep us in the recent range.

Will it work - who knows.

This is the way the bat should have been drawn.

I should have seen this earlier today. Downside as far as 109.30 is available.