Chinook's EUR/USD (E/$)Mumblings

I am short AUDUSD at .7666.

 

Nice charts. Looks like a CCI guy to me.

Here is an alterante ARC to consider. Notice the Euro has reached the 1.61 reversal area. Might reverse down instead of up. Looks like down would make more sense.

---bull

 

That EUR/USD weekly looks like a fairly clear head and shoulders formation to me, with the right shoulder just about to complete.

 

This range crap is getting annoying.

 

I think I will clean my desk, dust and vacum for the last quarter. That will get things moving.

 

I think everyone would agree except if trading intraday - hopefully the nonfarm payrolls will help FX 'bust a move.'

ae_trading

 

Just buy it @ 1.2795 and then take profit and reverse @ 1.2845

 

Perhaps one last try to break 1.2900 then down hill........

 

1.2900 and slightly beyond.

 

1.2780 is the key. If we build value just below and settle above this level then a new uptrend could begin. Settling below 2780 will create a new 2780-2580 range.

I am hoping for the latter.

Have a good weekend.

---bull