I don't like longs here on the Euro FX intraday. My view is just the same as it was yesterday, I think we would need a festering zone before a reversal up.
Yes I remember, if you look at 26th Dec, there is an almost identical layout as we have yesterday/today, both on 30 & 60, in fact now we have a better divergence.
I agree. I got burned by this severe head fake. Instead of the flat going for a breakout, it looks like we're starting a channel between .3060 and .3300. Based on fibs though, This is a really strong buy later this month if we are around the .3000 level. Chart attached, updated data, old analysis.
They seem to be in cahoots a little more than usual. I dunno. I found reversals to the minute, but just around the europe open.