answered my own question. euro news is slightly bullish, high oil is bearish for ours. so the dollar will fulfull it's obligations on the daily chart, i figure, and then be a buy again. did someone pull a post?
If there was an attachment to this one, I didn't see it in the thread. My EW tea leaves look a bit different from yours. I've got a Wave (a) down from the peak in late December that found support at the level of the previous wave (4) low around 1.20. I have EURUSD moving up in a sharp wave (b), perhaps to test 1.30 before moving back down and through 1.20. If this happens, it will look a lot like an H&S top on the weekly charts ... ... which makes me feel like it won't happen, after all! Berlusconi has already called the euro "a disaster". I suspect others will join in the chorus as the euro sinks toward parity with the greenback later this year or early next.
To all star gazers, crystal ball watchers and EW traders, I hope you where ready for this morning's EURUSD Long break-out and bagged 2400 pips on 20 contracts in a small 3 hrs just like I did. By the way: all smart money in currency futures is long Euro against the Dollar at a ratio of 4:1 Maybe use that in future as a fundamental indicator when Mr. Elliott tells you to go short Euro again on one of his mystical waves. Happy trading and good luck boys and girls.
i think it's hillarious that just a few months ago everyone was going crazy over the demise of the dollar... my my how things change. =)