I think it is going down but then again US tend to range at time...... smh. IF it gets a LH on the 1M it def is.

EurAnalysis

interesting.

EurAnalysis

yep. I got in on the break of 25 IMO the news possibly gave it enough reason to retest because of daily down trend. I think the market is possibly in neutral but as I said restest are the heart of trading.

EurAnalysis

rentering price zone of news release of which was positive and the market went the other way.

EurAnalysis

very well could. Depends on the failure on testing. Which is the key to watch.

EurAnalysis

weak 1m and 3M with divergence on 1 3 and 9. Only a 10 pip pop which raises stop hunting flag. Breaks trendline and level support triangle of 1.2900 it will go down.

EurAnalysis

IF it breaks below 1.2900 it is going to restest IMO. Always look at the price when news was released if it breaks it back beyond that point going the other wayas it was simply stop hunting to go whichever direction.

EurAnalysis

maybe BUT a lot of time they run it down off his speech against resistance to retest the market to go right back up in this case. Depends on what the market is looking to do. Many times the only reason they don't go one way is it simply make bottom ...

EurAnalysis

Yep. 910 is key. A LH would def push a restest. The thing is unless major news comes about most of the time when the US NY session creates a strong High or low on the London it rarely returns to beyond the it's open. I believe it is like 70% of the ...

EurAnalysis

I am in the middle. I can def see a retest of 1.2850 or slightly lower. I hope it goes to retest 12800 again. New month and weekso that tends to make me very reluctant to go short. A move down to that area could create a HL and almost the start of a ...

EurAnalysis

Thanks!

EurAnalysis

I see it possibly as well bullish but do you think they will retest the bottom before trending up? I see a alot of times on small charts and it is the same on big that the trendline is usually broken then it goes for a high and then fades back a ...

EurAnalysis

So what are the chances of going back down to 1.2800 again today for a retest with news and The Bernanke speech today or was that setting a whole bunch of long positions for the month?

EurAnalysis

how does the BOJ decision making move the EURUSD directly?

EurAnalysis

well... I am out for today. Really hate late Friday markets as it usually is a 50/50 game after noon. Out either way on this short scalp with a 8 pip SL TP at 89. Have a great weekend everyone.

EurAnalysis

THAT would be nice. Only problems. Friday.... late and the time to really do it I don't think we have. AAAAAAAAAHHHHHHHH Might have a double bottom on the 1M for a shoot up though on a weak 1M and it MIGHT break 90..... Oh yeah.

EurAnalysis

I am long... since 50.

EurAnalysis

LOL... I hear ya.

EurAnalysis

hmmm underwear anyone?

EurAnalysis

yep... Gotta love Forex. IMO it was more about money and room to make money off of so so news Spanish news conference for a nice move back down. Key was the 90 area and that wasn't even a challenge.

EurAnalysis