Further downward move now. I would be cautious if it may test 605-610 and then bounce back to 640-50.
AS I look at current euro movement....you can see with trendline draw.... it is Right AT the trendline wall going up from the low point .....geez I didnt look at the date before I started posting..... the entire straight line from the last big low 1.53 00 area.... Is Euro going to breach this line and drop into the 155 50 area today? ... from the May 7 low point
Hi Tom, I would say it did break the line and reverse yesterday. That's why 605 would be a rather support for reversal or further strong BO.
And the upward movements since yesterday triple bottoms have not been strong enough at all, not even break through 660.
Here is my view of weekly. If we complete 123 (where arrow is) then chances are very strong for big dollar rally.
If it really goes below 1.5600 and can't reverse back quickly, 15490 is more likely for today's base.
Hello CF, I guess you must be well aware of Igor's average trading range templates. As I usually trade the Asian and some of the Europe sessions, I made observations on his Asian session templates, sometime it looks to be working fine, like yesterday, at least to give me some ideas of the gameplan to play. How do you feel about his works and ideas?