Weekly Forex Commentary Using STOPD

Euro trying hard to put a brake on its drop. How far it can drift up to will decide how bad (or good) its next leg down will be.

Interesting week we are having.

 

Multiple majors all having inside week last week. That is quite unusual.

Perfect storm coming?

 

Ninja zoomed higher, euro given up 1.33.

We should get some major fights this week.

 

Consolidation in euro.

Potential temporary bottom 1.30-1.31 thanks to the brokerages calling for euro to go lower. =)

 

ECB ruined the bounce party last week.

Wait and see moment this week.

 

Ninja long term magic number is 108.

 

Ninja opened the floodgate of stops last week.

Now it is time to see if euro below 1.28 will do the same.

 

Euro had its toilet training last week.

The metal currencies will have to deal with increased volty this week.

 

Metal currencies toasted as Gold fails to hold its support. =P

Time to focus on euro again.

 

Told you the good move in euro was coming. XD

This week, actually these 2 weeks will be hell for many traders on the wrong side.

Beware that every 2 days or so, the wrong side flips.