any thoughts on direction today?

EurAnalysis

yeah def could be a HS with time consideration of volitility. I think more a failed spaced double top.

EurAnalysis

basically the market formed a failed double top.

EurAnalysis

PT I think the BB or spacing these moves out for tomorrow in my opinion. Asia did the typical of setting the London session up again high or low for a move.

EurAnalysis

yep lol

EurAnalysis

Def going to retest low.

EurAnalysis

It is simply a U pattern or a reverse to previous lows or highs from what I have gathered. Usually if Longon moves the market one way the US market takes it back.

EurAnalysis

yep and with ABA rate cut. US is going to gain today.

EurAnalysis

wow and spanish unemployment def did not help long positions if you are in it. Yikes. down we go.

EurAnalysis

Thanks for your thoughts PT. Thoughts about going low or high. It is 75 break or 1.2935 I am short as of now.

EurAnalysis

Possible time and space relationship for the HS.

EurAnalysis

2) is your winner because THEY ARE NOT LENDING like they should for businesses etc! Lets invest in other things and also buy OJ etc.... which will bring a better return than business loans etc. Know to many people who have had good credit and ...

EurAnalysis

might get a closing spike down. Not surprised if it does.

EurAnalysis

Will be interesting for sure. I think the market is setting itself up for Wed. Probably will retest bottom to some extent tonight and it might move to the middle of this range up in the US session. THe London session and Asian session should be ...

EurAnalysis

HS forming for a retest. Little news tonight and tomorrow on EU/USD which is a Wed setup news wise to break lower or create a HL and failed retest for a trend change to long.

EURUSD

NY session sucks mostof the time and I think the main reason is because it has resistance leftovers from the London. US session "usually" will retrace what London did if it makes a big move most of the time. If it breaks higher or lower it will ...

EURUSD

PT think it will break 1.28 if it falls or do you think the market is waiting on a certain news or event to break lower if it is going to continue the slow down move? Little news tomorrow. Somtimes that is good and bad. Sometimes the market moves ...

EurAnalysis

LOL

EurAnalysis

very interesting.

EurAnalysis

hmmm interesting. thanks for the clarity on that. Do you think that will happen this week on a rate cut?

EurAnalysis